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HomeSourcesbbc.comNI Economy: Business activity falls for first time in months

NI Economy: Business activity falls for first time in months

Business activity in Northern Ireland’s private sector fell for the first time in six months in July, according to a survey by Ulster Bank.

Every month the bank asks firms from across different parts of the economy about things like staffing levels, order books and exports.

It is considered to be a reliable indicator of economic performance.

The survey found the decrease in activity was caused by weak demand and the impact of inflation.

New orders fell across all four sectors of the economy, with the biggest declines in construction and retail.

Sourcebbc.com
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