Services drive Northern Ireland business growth

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Latest report shows inflation easing in the region

Services were responsible for all the growth, with retail and construction joining manufacturing in a downturn, according to Richard Ramsey, chief economist Northern Ireland, Ulster Bank.

Mr Ramsey noted that the North’s private sector notched up its fourth successive month of growth, even though the rate was the slowest in some time.He said that new orders maintained the same modest growth as in April. Services posted the strongest growth in new orders, followed by retail, which continued recruiting despite the likely end of recent expansion.

 

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