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Northern Ireland’s economy gets shot in the arm from resumption of powersharing

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Northern-Ireland News

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Ulster Bank’s latest purchasing managers’ index (PMI) points to pick-up in output, new orders and employment

Northern Ireland’s economy has enjoyed a strong bounce in activity since the return of powersharing arrangements in February.

This extended a sequence of increased activity seen over the last six month but most significantly since February when the Northern Ireland’s powersharing executive was re-established following a two-year boycott by Democratic Unionists.Cult leader or canny investor? Doubts cloud Roaring Kitty’s GameStop bet

Ulster Bank also noted that responding companies responded to higher new orders by taking on extra staff at a solid pace, with the rate of job-creation at a 10-month high. Some firms also raised employment to prepare for future expansion, it said.

Source: Financial Digest (financialdigest.net)

Ulster-Bank

 

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