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08/12/2014
NI Economy Slows Down
There are further signs of a loss of momentum in private sector growth in Northern Ireland during November as output, new orders and employment all stalled, according to the latest Ulster Bank Purchasing Managers' Index.
The rate of input cost inflation continued to ease, contributing to a third successive monthly reduction in output prices.
The headline seasonally adjusted Business Activity Index fell for the second month in a row last month to 52.6, following a reading of 54.7 in October. While still above the 50.0 no-change mark, this marked the weakest rise in the current 17-month sequence of expansion.
The increase in Northern Ireland business activity was much slower than the UK economy average. The rate of expansion in new business slowed for the fourth successive month and was the weakest in a year-and-a-half. New export orders droppef for the first time since June 2013.
Employment also rose at a weaker pace in November, with staffing levels up only slightly over the month.
The rate of input price inflation slowed in November, marking to weakest increase since June 2012.
Output prices decreased for the third successive month, in connection with weaker rises in input prices. The pace of reduction quickened to the fastest since February 2013.
(IT/CD)
The rate of input cost inflation continued to ease, contributing to a third successive monthly reduction in output prices.
The headline seasonally adjusted Business Activity Index fell for the second month in a row last month to 52.6, following a reading of 54.7 in October. While still above the 50.0 no-change mark, this marked the weakest rise in the current 17-month sequence of expansion.
The increase in Northern Ireland business activity was much slower than the UK economy average. The rate of expansion in new business slowed for the fourth successive month and was the weakest in a year-and-a-half. New export orders droppef for the first time since June 2013.
Employment also rose at a weaker pace in November, with staffing levels up only slightly over the month.
The rate of input price inflation slowed in November, marking to weakest increase since June 2012.
Output prices decreased for the third successive month, in connection with weaker rises in input prices. The pace of reduction quickened to the fastest since February 2013.
(IT/CD)
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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.
