NI economy: Private sector growth accelerated in February

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NI economy: Private sector growth accelerated in February
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A monthly survey by Ulster Bank says the growth came from the manufacturing and services sectors.

Northern Ireland's private sector grew at its fastest rate in almost a year during February, an Ulster Bank survey has suggested.

The monthly survey of about 200 firms is considered a reliable indicator of the health of the private sector economy.But retail output was flat and construction showed little recovery from a long period of weakness. Richard Ramsey, Ulster Bank chief economist, said services recorded their fastest rate of expansion in activity in 22 months.

The services sector is the largest part of the Northern Ireland economy and has been the source of almost all growth since the pandemic.Official figures for services and manufacturing output in the fourth quarter of last year are due to be published later this week. Some economic forecasters expect the Northern Ireland economy to show little overall growth this year.China says it's open for business - do we buy it?

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