Industry & Business

Northern Ireland Export Orders Rise at Record Rate

 Breaking News
  • TechConnect Live – RDS, Dublin – May 30th, 2018 TechConnect Live, Ireland’s largest technology event, is expected to attract over 3,000 visitors from across the Irish and international tech sector to the RDS, Dublin on 30th of May 2018. TechConnect Live provides a unique forum for technology companies, start-ups, investors and the largest Irish and global end users of technology and services in order [...]...
  • Ornua Delivers Record Revenue Ornua, Ireland’s largest exporter of Irish dairy products which supplies to over 110 countries worldwide, has reported record revenue of €2.1 billion for the year ended 30 December 2017. It marks the first year of Ornua’s new five-year growth plan, ‘Ornua 2021’, which positions the business as a leading global dairy organisation that delivers results [...]...
  • EPA Welcomes Increase in Composting and Anaerobic Digestion of Waste The EPA has released data and information on composting and anaerobic digestion in Ireland for 2016. The data updates the National Waste Statistics web resource, launched by the EPA in recent months. Commenting on the figures, Stephen Treacy, EPA, said: “The EPA welcomes the increase in the amount of biodegradable waste being accepted for recycling at composting [...]...
  • Revised Research Priority Areas For 2018-2023 The Government has published the ‘Research Priority Areas 2018–2023’ report. Research Prioritisation, introduced by the Government in 2012, aligns the majority of competitively awarded public investment in research with 14 priority areas. Innovation 2020, Ireland’s strategy for research and development, science and technology, commits to reviewing the priority areas to ensure that they are still valid [...]...
  • Brexit Price Increases Could Affect Poorer Households Most A hard Brexit would increase the cost of living for all households in Ireland by 2 per cent to 3.1 per cent – an annual increase of €892 to €1,360 per household, according to the Competition and Consumer Protection Commission. Costs would rise the most for lower-income households. These households spend a greater share of [...]...

Northern Ireland Export Orders Rise at Record Rate

Northern Ireland Export Orders Rise at Record Rate
December 13
14:15 2016

A record rise in new export orders was signaled as companies benefited from Sterling weakness in November, according to data from the Ulster Bank Northern Ireland PMI. The data also showed that the rate of input cost inflation quickened again and companies raised their output prices sharply. Overall the report indicated that the rate of expansion in activity at companies in Northern Ireland accelerated on the back of a return to growth of new business.

The report showed that Retail posted the fastest rise of the four monitored sectors, while growth was also recorded in manufacturing and services. On the other hand, construction activity continued to fall.

New orders rose sharply, ending a four-month sequence of decline. The growth of total new orders was supported by a record rise in new business from abroad. The report also showed that the backlogs of work increased for the first time in seven months amid the sharp rise in new business. Employment rose for the twenty-second successive month, although the rate of job creation was marginal and the slowest since June 2015.

In response to Sterling weaknesses, a number of respondents signaled the passing on of higher input costs to clients. As a result, output prices increased sharply and at the strongest pace since August 2008, and Manufacturing selling prices rose to the greatest extent since the series began in January 2003.

About Author



Related Articles

New Subscriber

Subscribe Here


National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories

Upcoming Events

  • No upcoming events
AEC v1.0.4