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12/05/2014
Sharpest Rise In Private Sector Since Records Began
The private sector in Northern Ireland has shown record increases in April 2014, according to the latest Purchasing Managers Index (PMI).
The PMI is a monthly report produced by Ulster Bank and surveys a panel of firms, tracking indicators including new orders, employment and exports.
The report for April 2014, shows the sharpest rise in activity since the survey began with record rises in both output and new orders.
Employment also continued to increase sharply, according to the report.
The report states: "Output at companies in Northern Ireland rose for the tenth consecutive month in April, and at a substantial pace. Moreover, the rate of expansion was the fastest since the survey began in August 2002, surpassing the previous record set in March 2004. Growth in Northern Ireland was also sharper than the UK average. Where activity increased, panellists mainly linked this to improving sales amid stronger client confidence. Sharper rises in activity were seen across three of the four monitored sectors, with the fastest expansion at services companies."
The full report can be read here.
(MH/IT)
The PMI is a monthly report produced by Ulster Bank and surveys a panel of firms, tracking indicators including new orders, employment and exports.
The report for April 2014, shows the sharpest rise in activity since the survey began with record rises in both output and new orders.
Employment also continued to increase sharply, according to the report.
The report states: "Output at companies in Northern Ireland rose for the tenth consecutive month in April, and at a substantial pace. Moreover, the rate of expansion was the fastest since the survey began in August 2002, surpassing the previous record set in March 2004. Growth in Northern Ireland was also sharper than the UK average. Where activity increased, panellists mainly linked this to improving sales amid stronger client confidence. Sharper rises in activity were seen across three of the four monitored sectors, with the fastest expansion at services companies."
The full report can be read here.
(MH/IT)
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Northern Ireland WeatherThis Evening and 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.
