High costs and falling confidence hit NI economy, says Ulster Bank

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High costs and falling confidence hit NI economy, says Ulster Bank
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The Northern Ireland economy is losing momentum as high costs and falling confidence hit business performance, an UlsterBank survey suggests.

Economic conditions have deteriorated as businesses and consumers attempt to deal with rapidly rising prices

The bank's monthly survey of about 200 firms is considered to be a reliable indicator of the private sector. He said June also appeared to have been a poor month for manufacturing with sharp falls in business activity and new orders.

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