Ulster Bank survey: NI private sector recovery continued in April

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Ulster Bank survey: NI private sector recovery continued in April
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The April survey suggested Northern Ireland's construction sector returned to growth after a year-long fall in activity, while retail and services also saw growth:

BBC News NI economics and business editorEvery month the bank asks a representative sample of firms about issues such as new orders and employment.

The April survey suggested the construction sector returned to growth after a year-long fall in activity.The survey suggested that overall business activity has now been increasing for three consecutive months.Ulster Bank chief economist Richard Ramsey said the survey also pointed to an easing of inflationary pressures with input costs rising at the weakest pace in almost two-and-a-half years.

Mr Ramsey said the labour market also remained robust with the survey suggesting businesses are continuing to recruit.Last week, official data suggested the Economic output expanded by just 0.1% between January and March and it remains smaller than levels seen before the Covid pandemic.Related Topics

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