Irish Building Magazine

Northern Ireland business activity falls at slowest rate in current eight-month period of decline.

Today sees the release of July data from the Ulster Bank Northern Ireland PMI®. The latest report – produced for Ulster Bank by Markit – showed a much slower decline in business activity than in June, largely reflecting a less marked reduction in new order intakes. Despite a rise in the seasonally adjusted Business Activity Index from 43.6 to 47.6 in July, the latest reading was still below the 50.0 value that separates expansion from contraction.

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