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You are at:Home»Business»Ulster Bank: Northern Ireland’s private sector is growing
Business

Ulster Bank: Northern Ireland’s private sector is growing

October 9, 20241 Min Read
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That followed growth of 1.4% in the first quarter of the year.

Sebastian Burnside, chief economist at Ulster Bank owner NatWest, said that in the third quarter Northern Ireland was the best performing UK region – “an impressive feat for an economy that this time last year was struggling deep in contraction territory”.

He added that behind the generally positive story across the private sector, “evidence of a two-speed economy has emerged – growth continued to be driven by manufacturing and services, while the picture was much more muted in construction and retail”.

Northern Ireland’s latest official job market statistics are due to be published next week.

A relatively strong job market has been a recent feature of the Northern Ireland economy with unemployment at a record low.



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