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10/03/2014
NI Posts 'Robust Growth'
Northern Ireland experienced "robust output growth" in February, led by a ninth successive monthly rise in new business, according to the latest Ulster Bank Purchasing Managers' Index (PMI).
The private sector saw a further sharp increase in business activity at, aided by another month of strong new order growth. A marked easing in the rate of cost inflation was also recorded, as companies lowered their output prices.
Business activity at Northern Ireland companies continued to rise in February, extending the current sequence of growth to eight months, according to the report.
New business rose for the ninth month as respondents indicated improved success in securing sales. Retail posted the strongest increase in new business. New export orders also rose again during the month, albeit at a weaker pace than overall new business.
The report also said further strong growth of new orders led to a solid build-up of backlogs of work during February, with the rate of accumulation slightly faster than seen at the start of the year.
Increased backlogs of work and strong growth of new business led companies in Northern Ireland to raise their staffing levels. The sharpest job creation was seen at retailers.
The rate of inflation eased sharply and was well below the series average. The service sector saw the biggest slowdown in inflationary pressures, while manufacturers posted a weaker rise than in the previous month.
Northern Ireland companies lowered their output prices slightly, marking the first reduction in prices charged since April 2013. The fall mainly reflected a solid reduction in services selling prices, while the remaining three sectors all posted increased charges.
(IT)
The private sector saw a further sharp increase in business activity at, aided by another month of strong new order growth. A marked easing in the rate of cost inflation was also recorded, as companies lowered their output prices.
Business activity at Northern Ireland companies continued to rise in February, extending the current sequence of growth to eight months, according to the report.
New business rose for the ninth month as respondents indicated improved success in securing sales. Retail posted the strongest increase in new business. New export orders also rose again during the month, albeit at a weaker pace than overall new business.
The report also said further strong growth of new orders led to a solid build-up of backlogs of work during February, with the rate of accumulation slightly faster than seen at the start of the year.
Increased backlogs of work and strong growth of new business led companies in Northern Ireland to raise their staffing levels. The sharpest job creation was seen at retailers.
The rate of inflation eased sharply and was well below the series average. The service sector saw the biggest slowdown in inflationary pressures, while manufacturers posted a weaker rise than in the previous month.
Northern Ireland companies lowered their output prices slightly, marking the first reduction in prices charged since April 2013. The fall mainly reflected a solid reduction in services selling prices, while the remaining three sectors all posted increased charges.
(IT)
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Minister pays tribute to North Down business partnership
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19 February 2010
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NI Unemployment Rate Reaches Lowest Level In A Decade
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02 April 2004
Invest NI assists 5,000 business starts ups in two years
Invest NI has secured commitments of £1 billion and assisted nearly 5,000 new business starts in its first two years, the agency has claimed on its second anniversary. Professor Fabian Monds, Chairman of Invest NI said the agency had played an integral role in helping Northern Ireland adapt to "global market dynamics".
Invest NI assists 5,000 business starts ups in two years
Invest NI has secured commitments of £1 billion and assisted nearly 5,000 new business starts in its first two years, the agency has claimed on its second anniversary. Professor Fabian Monds, Chairman of Invest NI said the agency had played an integral role in helping Northern Ireland adapt to "global market dynamics".
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
