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16/07/2014
NI Growth Continues
The economy in Northern Ireland has grown steadily for a full year, according to the latest Purchasing Managers' Index (PMI) from Ulster Bank.
Output growth in the Northern Ireland private sector extended to a year in June. The report said panellists increased their staffing levels during the month and both input costs and output prices rose at faster rates than in May.
Business activity at Northern Ireland private sector firms increased in June, according to the report. It said the rate of expansion remained sharp and slightly faster than the UK-wide average, but slowed from the previous month.
Respondents linked higher activity mostly to a further increase in new business. As with activity, the retail sector saw the fastest growth in new business.
Higher new orders also precipitated an increase in backlogs of work in June, while companies responded by taking on extra staff.
Employment in Northern Ireland has now increased in each of the past 12 months, according to the report.
However, the rate of cost inflation in Northern Ireland remained faster than the UK average in June and picked up from that seen in May. Reasons included higher prices for energy and raw materials and increased staff costs.
(MH/IT)
Output growth in the Northern Ireland private sector extended to a year in June. The report said panellists increased their staffing levels during the month and both input costs and output prices rose at faster rates than in May.
Business activity at Northern Ireland private sector firms increased in June, according to the report. It said the rate of expansion remained sharp and slightly faster than the UK-wide average, but slowed from the previous month.
Respondents linked higher activity mostly to a further increase in new business. As with activity, the retail sector saw the fastest growth in new business.
Higher new orders also precipitated an increase in backlogs of work in June, while companies responded by taking on extra staff.
Employment in Northern Ireland has now increased in each of the past 12 months, according to the report.
However, the rate of cost inflation in Northern Ireland remained faster than the UK average in June and picked up from that seen in May. Reasons included higher prices for energy and raw materials and increased staff costs.
(MH/IT)
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Northern Ireland bus and rail operator Translink have recorded a pre-tax profit for the year to march 30 of £0.3m, down from £9.1m in the previous year. The company has said that a reduction in funding for pension contributions from the Department of Regional Development (DRD) is partly to blame for the fall.
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Northern Ireland bus and rail operator Translink have recorded a pre-tax profit for the year to march 30 of £0.3m, down from £9.1m in the previous year. The company has said that a reduction in funding for pension contributions from the Department of Regional Development (DRD) is partly to blame for the fall.
09 December 2011
'Stagnation' Predicted In Business
The private business sector in NI is heading into the doldrums with news today that predicts stagnation in private sector activity, even though there was only a moderate contraction in the previous month.
'Stagnation' Predicted In Business
The private business sector in NI is heading into the doldrums with news today that predicts stagnation in private sector activity, even though there was only a moderate contraction in the previous month.
12 April 2016
Private Sector Reports 'Very Strong Start To The Year'
Northern Ireland's private sector continued to report a very strong start to the year in March, according to the latest Ulster Bank NI PMI. According to the report in March firms saw the rate of growth in business activity and new orders accelerate to an eighteen-month high, with export orders expanding at their fastest rate in 20 months.
Private Sector Reports 'Very Strong Start To The Year'
Northern Ireland's private sector continued to report a very strong start to the year in March, according to the latest Ulster Bank NI PMI. According to the report in March firms saw the rate of growth in business activity and new orders accelerate to an eighteen-month high, with export orders expanding at their fastest rate in 20 months.
10 April 2002
SME sector is “backbone of Northern Ireland economy”
Small and medium sized businesses are the single greatest source of job creation in Northern Ireland the Stormont Minister for Enterprise, Trade and Investment has said. Speaking in Downpatrick on Wednesday April 10, Sir Reg Empey told a business conference that SME’s are the backbone of the Northern Ireland economy.
SME sector is “backbone of Northern Ireland economy”
Small and medium sized businesses are the single greatest source of job creation in Northern Ireland the Stormont Minister for Enterprise, Trade and Investment has said. Speaking in Downpatrick on Wednesday April 10, Sir Reg Empey told a business conference that SME’s are the backbone of the Northern Ireland economy.
15 April 2016
NICEI Report Finds Slight Increase In NI Economy
The economy in Northern Ireland grew by 0.9% in the last quarter of 2015, compared to the same period in 2014. The number was revealed in the latest NI Composite Economic Index (NICEI), which was published today by the Northern Ireland Statistics & Research Agency.
NICEI Report Finds Slight Increase In NI Economy
The economy in Northern Ireland grew by 0.9% in the last quarter of 2015, compared to the same period in 2014. The number was revealed in the latest NI Composite Economic Index (NICEI), which was published today by the Northern Ireland Statistics & Research Agency.
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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.
