Today sees the release of August data from the Ulster Bank Northern Ireland PMI®. The latest report – produced for Ulster Bank by IHS Markit – signalled a loss of growth momentum in the Northern Ireland private sector. Although output and new orders continued to rise solidly, rates of expansion in both were weaker than recorded in July. That said, the rate of job creation picked up, as did business confidence. Inflation of both input costs and output prices eased, but remained elevated.
Today sees the release of March data from the Ulster Bank Northern Ireland PMI®. The latest report – produced for Ulster Bank by IHS Markit – pointed to weaker rises in both output and new orders at Northern Ireland companies. Continue reading
The Ulster Bank NI PMI for February 2018 is out today. It signalled that the Northern Ireland private sector remained comfortably inside growth territory. That said, rates of expansion in output, new orders and employment all eased over the month. On the other hand, inflationary pressures intensified, with sharper rises in both input costs and prices charged.
The latest Ulster Bank NI PMI is out this morning. It signalled that the rate of growth in business activity at Northern Ireland companies quickened sharply at the end of 2016 and was the strongest in almost two-and-a-half years. Continue reading
Today sees the release of November data from the Ulster Bank Northern Ireland PMI®. It signalled that the rate of expansion in activity at companies in Northern Ireland accelerated on the back of a return to growth of new business. Continue reading
Just when you think it’s cooling, it comes back again. The housing market seems to be regaining a bit of momentum. But it’s not surprising. The UK won’t break its bad habit of not building enough houses. It would do the economy the world of good if it did. Continue reading
The UK economy may be on the cusp of receiving two new little growth boosts. Firstly, the Chancellor signalled an adjustment in fiscal policy to free up cash for investment. Second, the recent fall in sterling may do what the crisis-driven fall in sterling couldn’t: help generate a sustained export improvement. Both would certainly be welcome. Continue reading
The UK was sending out some mixed signals on growth last week as manufacturing and construction went in different directions. The best news came from the Eurozone, for a change, whilst the Fed continues to wait.
With it being the second day of Balmoral Show, here’s a flavour of the food and drink sector’s value to the Northern Ireland economy.
Today sees the release of March data from the Ulster Bank Northern Ireland PMI®. The latest report – produced for Ulster Bank by Markit – indicated that the Northern Ireland private sector ended the first quarter of 2016 on a high, with growth of both output and new orders accelerating.
PMI March 2016 findings:
- The headline seasonally adjusted Business Activity Index rose to 56.4 in March from 54.9 in February
- The rate of expansion in Northern Ireland was in excess of the UK average
- Service providers recorded a sharp increase in activity, and the strongest since July 2014.
- Growth was also seen at construction and retail companies, while manufacturing output stabilised following a fall in February
- Employment also continued to increase at a solid pace
- The rate of input cost inflation eased, while output prices were broadly unchanged
- New orders also increased at a faster pace in March, the rate of growth quickening to an 18-month high
- New export orders also increased
- Northern Ireland companies increased staffing levels in March, for the 14th month in a row
- Backlogs of work rose for the fifth successive month, and at a faster pace than in February
- Although input prices continued to increase during March, the rate of inflation eased to the slowest since last November
- The construction sector posted the fastest rise in input prices of the four monitored sectors
- Northern Ireland companies left their output prices broadly unchanged
PMI March 2016 infographic:
Listen to Richard Ramsey talking about the latest PMI