Contraction of Northern Ireland private sector slowest for twelve months in May
Jun 8th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The latest Ulster Bank Northern Ireland PMI (Purchasing Managers' Index) report – produced for Ulster Bank by Markit Economics – provided further evidence that the economic downturn has passed its worst point. Private sector business activity and new business fell at much slower rates compared with the severe reductions seen around the turn of the year. Softer declines were also signalled for backlogs of work, employment and prices charged.