NI business activity drops as firms feel pressure, says Ulster Bank

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An Ulster Bank survey shows NI had the sharpest rate of private sector decline in the UK last month.

Northern Ireland's private sector continued to weaken in August as higher interest rates and cost-of-living pressure hit demand, an Ulster Bank survey suggests.

"Only two UK regions recorded growth in output last month. Northern Ireland is at the bottom of the list, with the sharpest rates of decline seen across the UK," he added.

 

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