Ulster Economix
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The official blog of Ulster Economix offers views, insight, comments, and updates on the Northern Ireland economy and wider economic issues by Richard Ramsey. He is Chief Economist, Northern Ireland, at Ulster Bank and a member of the Department of Finance's Statistics Advisory Committee.
Ulster Economix
1d ago
The UK’s labour market is downshifting. Hiring dips, but unemployment remains low, pointing to a controlled slowdown. Yet, wage growth remains hot, raising concerns for the Bank of England. Like a driver in the fog, they hesitate to cut rates ..read more
Ulster Economix
6d ago
The UK economy throws off its winter coat, shaking off a mini-recession with a surprisingly rigorous growth spurt. Services and manufacturing lead the charge, with most regions joining the party. But while the sun shines on growth, inflation remains a ..read more
Ulster Economix
1w ago
Today sees the release of April data from the Ulster Bank Northern Ireland PMI®. The latest report indicated that a further sharp rise in new orders fed through to continued growth of business activity in Northern Ireland’s private sector. Business confidence ..read more
Ulster Economix
2w ago
This week’s economic news is like an espresso: a pick-me-up shot of relief for UK consumers welcoming falling prices and surging deposits, but with a bitter aftertaste for businesses facing post-Brexit export challenges and tight liquidity. The Eurozone and China’s ..read more
Ulster Economix
2w ago
The podcast that keeps you up to date with what is happening economy-wise in Northern Ireland. Telling you what you need to know but not necessarily what you want to hear. It is better to be prepared for the economic ..read more
Ulster Economix
3w ago
Following the recent restoration of Stormont, the new NI Executive delivered another important milestone last week with the publication of a Budget, amounting to £14.5billion of day-to-day spending and capital spending of £2.1bn. This is no mean feature given the ..read more
Ulster Economix
3w ago
As Q2 begins, the UK economy is a tale of two halves. Services flourishing but manufacturing faltering. Public borrowing falling, yet missing targets, while interest rate uncertainty chills consumer spending. Across the channel, the Eurozone recovers some steam. Meanwhile, the ..read more
Ulster Economix
1M ago
It would be hard to argue that the economy is currently the number one priority of the Northern Ireland Executive or for that matter the UK government or many administrations around the world. That’s because governments are having to contend ..read more
Ulster Economix
1M ago
The last mile in the inflation battle was always going to be hard. In the UK, the most recent data revealed a continued, albeit slow, decline in inflation. Meanwhile the latest three months of US price pressures surpassed expectations. In ..read more
Ulster Economix
1M ago
Today sees the release of March data from the Ulster Bank Northern Ireland PMI®. The latest report pointed to strong and accelerated increases in output and new orders, with firms at their most optimistic regarding the future for almost six ..read more