Ulster Bank says business output in NI growing again

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An Ulster Bank survey finds a return to growth and high confidence but rising costs cause concern.

Business output returned to growth at the start of the second quarter of this year, an Ulster Bank survey suggests.

Every month the bank surveys private sector firms about various issues and the result is regarded as a reliable indicator of economic performance. "It's the first time Northern Ireland's private sector has recorded expansion of business activity since last September," he told BBC News NI. That was linked to strong growth in the UK and an easing of Covid-19 lockdown restrictions, said Mr Ramsey.

 

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