northern ireland composite economic index
Think Tank forecasts UK as a whole will dodge technical recession this year
An economic think tank is forecasting that the UK as a whole will avoid a recession this year, despite Northern Ireland officially entering a technical recession during 2022.
Northern Ireland economy officially in decline in second quarter
THE north’s economy was officially in decline in the second quarter of 2022, official figures have confirmed.
Nisra: Economic activity in north grew faster than UK GDP over last three years
ECONOMIC activity in the north has increased at a faster rate than UK gross domestic product (GDP) over the past three years, according to official government data.
NICEI: Northern Ireland economy posts strong end to 2021
THE north’s economy grew by 1.2 per cent in the final three months of 2021, finishing the year almost five percent above 2020 levels, official government data shows.
Services sector drove NI economy to 13-year high in summer
ECONOMIC output in the north hit a 13-year high during the third quarter of 2021, official data shows.
Northern Ireland economy has broadly recovered from Covid slump, but long-standing issues remain
ECONOMIC output in Northern Ireland has largely returned to pre-pandemic levels, but the latest government data release has flagged up the weak state of the economy before Covid-19 hit.
Economic output fell by 1.6 per cent in first three months of 2021
THE north’s economy contracted by 1.6 per cent in the first quarter of 2021, with the private sector taking a hefty hit as a result of Covid-19 restrictions.
NI economy expected to contract again after 15.5 per cent rebound in third quarter
THE north’s economy rebounded by 15.5 per cent in the third quarter of 2020, but economists have warned that it’s unlikely to herald the start of a sustained recovery, with further contractions expected in late 2020 and early 2021.
NI private sector contracted by 18 per cent in second quarter under lockdown
THE north’s private sector contracted by 18 per cent in the second quarter under the Covid-19 lockdown, according to new official data.
Official data confirms the north's private sector contracted during the summer of 2019
THE north’s private sector contracted by 0.3 per cent between July and September 2019, official data has shown.