NI Private Sector Sees First Decline in Business Activity in Over a Year
Northern Ireland's private sector experienced a decline in business activity for the first time in over a year in December, as reported by Ulster Bank's monthly survey. The survey, which gathers data from firms across the private sector, revealed a decrease in order books, indicating a slowdown in economic growth. This downturn may be attributed to various factors, including economic uncertainty and Brexit implications, affecting businesses and their decision-making processes. With the private sector being a significant contributor to the region's economy, this decline may have notable implications for Northern Ireland's overall economic performance. Key sectors such as manufacturing and services may be impacted, leading to a potential economic slowdown.
