Produced for Ulster Bank by NTC Research Ltd, the PMI (Purchasing Managers’ Index) Report is based on a new monthly survey of the Northern Irish economy. Ulster Bank Limited is a member of the Royal Bank of Scotland Group The survey draws on information provided by a broad representative panel of private sector companies drawn from the manufacturing, services, construction and retail/wholesale sectors, and will provide the first indication every month of trends in Northern Ireland economic activity.
Expansion of private sector economic activity in Northern Ireland slowed to near stagnation in February well down on the highs of last autumn. The slowdown in Northern Ireland economic growth over the past four months has been broadly in line with the experience of the UK economy as a whole, where expansion has slowed steadily since last August and was also only marginal in February.
