Output rises but confidence continues to slide

Today sees the release of October data from the Ulster Bank Northern Ireland PMI. The latest report – produced for Ulster Bank by IHS Markit – pointed to a slight pick-up in growth in October, with both output and new orders rising more quickly than in September. Rates of expansion were still weaker than seen earlier in the year, however. The rate of job creation also ticked up, but business sentiment dropped to the weakest in the 20-month series history. On the price front, both input costs and output prices increased at sharper rates amid higher costs for a range of inputs.

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Output and new orders stagnated during September

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Today sees the release of September data from the Ulster Bank Northern Ireland PMI®. The latest report – produced for Ulster Bank by Markit – indicated that output and new orders stagnated amid a reluctance among customers to commit to spending. That said, companies continued to increase staffing levels. Meanwhile, the rate of input cost inflation remained sharp and output prices rose solidly again. Continue reading