This document provides an agenda and summaries for the ONS Economic Forum on September 21, 2016. The agenda includes welcome and introductions, an overview of the current UK economic situation, economic statistics for Northern Ireland, and discussions on productivity and the labour market. Summaries are given on recent revisions to UK national accounts data, short-term economic indicators for the UK like employment, inflation and construction indexes, and forthcoming ONS publications. Plans for the next Blue Book publication in 2017 are also outlined.
The ONS Economic Forum is a quarterly event aimed at City analysts, business economists, media, and academic users, to provide an opportunity to discuss issues relating to the measurement of the economy and the range of relevant ONS economic statistics, including GDP, the labour market, prices and the public finances.
The ONS Economic Forum is an event aimed at analysts, business economists, media, and academic users, to provide an opportunity to discuss issues relating to the measurement of the economy and the range of ONS economic statistics.
Each event consists of an overview of UK economic statistics along with a session focused on a topic of particular interest. Today's special topic is 'shaping the future of consumer price statistics'.
The unemployment rate in South Africa increased in Q1:2017 to 27,7%, the highest rate since September 2003. The growth in employment by 144 000, was offset by the growth in the number of job-seekers by 433 000 driving the unemployment rate to 27,7% in the first quarter of 2017.
The ONS Economic Forum is an event aimed at analysts, business economists, media, and academic users, to provide an opportunity to discuss issues relating to the measurement of the economy and the range of ONS economic statistics.
Each event consists of an overview of UK economic statistics along with a session focused on a topic of particular interest.
The ONS Economic Forum is an event aimed at analysts, business economists, media, and academic users, to provide an opportunity to discuss issues relating to the measurement of the economy and the range of ONS economic statistics.
We take a look at the performance of the South African economy during the fourth quarter of 2016.
For more on GDP visit
http://www.statssa.gov.za/?p=9622
The ONS Economic Forum is a quarterly event aimed at City analysts, business economists, media, and academic users, to provide an opportunity to discuss issues relating to the measurement of the economy and the range of relevant ONS economic statistics, including GDP, the labour market, prices and the public finances.
The ONS Economic Forum is an event aimed at analysts, business economists, media, and academic users, to provide an opportunity to discuss issues relating to the measurement of the economy and the range of ONS economic statistics.
Each event consists of an overview of UK economic statistics along with a session focused on a topic of particular interest. Today's special topic is 'shaping the future of consumer price statistics'.
The unemployment rate in South Africa increased in Q1:2017 to 27,7%, the highest rate since September 2003. The growth in employment by 144 000, was offset by the growth in the number of job-seekers by 433 000 driving the unemployment rate to 27,7% in the first quarter of 2017.
The ONS Economic Forum is an event aimed at analysts, business economists, media, and academic users, to provide an opportunity to discuss issues relating to the measurement of the economy and the range of ONS economic statistics.
Each event consists of an overview of UK economic statistics along with a session focused on a topic of particular interest.
The ONS Economic Forum is an event aimed at analysts, business economists, media, and academic users, to provide an opportunity to discuss issues relating to the measurement of the economy and the range of ONS economic statistics.
We take a look at the performance of the South African economy during the fourth quarter of 2016.
For more on GDP visit
http://www.statssa.gov.za/?p=9622
The South African economy moved into its eighth recession since 1961 with the decrease of 0,7% in GDP during the first quarter of 2017, following a 0,3% fall in the fourth quarter of 2016.
Read more here: http://www.statssa.gov.za/?p=9989
The AFS provides information on selected income and expenditure items, capital expenditure on new and existing assets and the book value of fixed and intangible assets. Read more here: http://www.statssa.gov.za/?page_id=1854&PPN=P0021&SCH=7131
These are the slides presented at Surgeons Quarter, Edinburgh for the Economic Forum on Monday 17 June 2019 to provide delegates an understanding of economic statistics and regional analysis.
The UK productivity dilemma is a cause of great concern to policy makers and economists in the UK. In this analysis of productivity, we analyse thirty sectors over the past 50 years to provide to explain how a cyclical and sectoral adjustment of output can explain much of the so called productivity dilemma.
Briefing on Myanmar National Planning Law (FYI 2014-2015)Wunna Htun
This is the abstract of 2014-2015 Myanmar National Planning Law which has been enacted recently. I hope this will leads you in different controversial curious on GOM reform agenda especially for states and regions in Myanmar.
Slide pack, Ulster Bank Northern Ireland PMI, August 2014Richard Ramsey
Slide pack for the Ulster Bank Northern Ireland PMI, August, 2014. Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Slide pack , Ulster Bank Northern Ireland PMI, December 2014Richard Ramsey
Slide pack for the Ulster Bank Northern Ireland PMI, December 2014, including analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Slide pack Ulster Bank NI PMI February 2014Richard Ramsey
Slide pack for the Ulster Bank NI PMI February 2014, including analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
SIMIDoneDeal Quarter4 Motor Industry Review for 2014 2nd feb 2015Teresa Noone
2nd February 2015 SIMI Press Conference launched the final SIMI Quarterly Motor Industry Review in association with DoneDeal, revealing the full year results for 2014 and the outlook for 2015.
아이씨엔 매거진(95) Jan 2015. Industrial Communication Network MAGAZINESeungMo Oh
2015년 제조업 키워드 = 사물인터넷, 스마트제조
2015년에는 B2C 시장에서의 사물인터넷 제품 및 솔루션이 고객 및 제자리 찾기에 나서는 것과 함께, B2B 시장에서의 새로운 솔루션으로 산업용 사물인터넷이 부상하게 될 전망이다.
사물인터넷의 B2B 시장으로 불리는 산업용 사물인터넷은 특히 글로벌 마켓에서 본격 논의가 시작된 'Industry 4.0', '커넥티드 엔터프라이즈', '산업용 인터넷', '스마트 제조'로 대표되는 제조산업 분야에서의 혁신기술로 성장하게 될 것이다.
The MAGAZINE of PLANT, MACHINE, POWER, AUTOMOTIVE, BUILDING & HOME COMMUNICATION NETWORKs
The South African economy moved into its eighth recession since 1961 with the decrease of 0,7% in GDP during the first quarter of 2017, following a 0,3% fall in the fourth quarter of 2016.
Read more here: http://www.statssa.gov.za/?p=9989
The AFS provides information on selected income and expenditure items, capital expenditure on new and existing assets and the book value of fixed and intangible assets. Read more here: http://www.statssa.gov.za/?page_id=1854&PPN=P0021&SCH=7131
These are the slides presented at Surgeons Quarter, Edinburgh for the Economic Forum on Monday 17 June 2019 to provide delegates an understanding of economic statistics and regional analysis.
The UK productivity dilemma is a cause of great concern to policy makers and economists in the UK. In this analysis of productivity, we analyse thirty sectors over the past 50 years to provide to explain how a cyclical and sectoral adjustment of output can explain much of the so called productivity dilemma.
Briefing on Myanmar National Planning Law (FYI 2014-2015)Wunna Htun
This is the abstract of 2014-2015 Myanmar National Planning Law which has been enacted recently. I hope this will leads you in different controversial curious on GOM reform agenda especially for states and regions in Myanmar.
Slide pack, Ulster Bank Northern Ireland PMI, August 2014Richard Ramsey
Slide pack for the Ulster Bank Northern Ireland PMI, August, 2014. Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Slide pack , Ulster Bank Northern Ireland PMI, December 2014Richard Ramsey
Slide pack for the Ulster Bank Northern Ireland PMI, December 2014, including analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Slide pack Ulster Bank NI PMI February 2014Richard Ramsey
Slide pack for the Ulster Bank NI PMI February 2014, including analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
SIMIDoneDeal Quarter4 Motor Industry Review for 2014 2nd feb 2015Teresa Noone
2nd February 2015 SIMI Press Conference launched the final SIMI Quarterly Motor Industry Review in association with DoneDeal, revealing the full year results for 2014 and the outlook for 2015.
아이씨엔 매거진(95) Jan 2015. Industrial Communication Network MAGAZINESeungMo Oh
2015년 제조업 키워드 = 사물인터넷, 스마트제조
2015년에는 B2C 시장에서의 사물인터넷 제품 및 솔루션이 고객 및 제자리 찾기에 나서는 것과 함께, B2B 시장에서의 새로운 솔루션으로 산업용 사물인터넷이 부상하게 될 전망이다.
사물인터넷의 B2B 시장으로 불리는 산업용 사물인터넷은 특히 글로벌 마켓에서 본격 논의가 시작된 'Industry 4.0', '커넥티드 엔터프라이즈', '산업용 인터넷', '스마트 제조'로 대표되는 제조산업 분야에서의 혁신기술로 성장하게 될 것이다.
The MAGAZINE of PLANT, MACHINE, POWER, AUTOMOTIVE, BUILDING & HOME COMMUNICATION NETWORKs
아이씨엔 매거진- July 2012. Industrial Communication Network MAGAZINESeungMo Oh
산업용 이더넷과 IT 네트워크가 만나다
산업 자동화와 IT 네트워크 간의 통신 인터페이스 구현
플랜트 자동화 시스템에서 네트워크의 중요성은 모두가 체감하고 있다. 필드 기기들로부터 제어기, 관리 솔루션에 이르기까지 거의 대부분의 제조 및 프로세스 플랜트 구성 시스템들이 단일한 네트워크 솔루션으로 연결되어 있기 때문이다. 더구나 스마트 플랜트(또는 스마트 오토메이션) 개념이 확산되면서 자동화 레벨과 IT 레벨의 데이터 네트워크 통합 솔루션이 새로운 방향으로 제시되고 있다.
이를 위한 솔루션은 쉽지 않았다. IT 네트워크 전문가이면서, 동시에 플랜트 자동화 전문가이어야만 이 둘을 서로 통합할 수 있기 때문이다. 지멘스의 SCALANCE X-500 관리형 이더넷 스위치는 이러한 트렌드를 선도하며 탄생했다. 산업용 이더넷 담당자와 IT 네트워크 담당자 모두가 고대하던 솔루션으로써 부족함이 없어 보인다.
SCALANCE X-500 산업용 이더넷 스위치는 자체 IP 어드레스 공간을 작은 서브넷들로 구성하고 있는 대규모 자동화 네트워크 구성에 적합하도록 설계됐다. 이는 레이어3 스위칭과 같은 이중화 구조를 통해 데이터 전송의 신뢰성을 강화할 수 있어, 전체 네트워크의 가용성을 현저히 증가시킬 수 있다.
백본상에서 10Gbps 이상의 전송률 제공하는 SCALANCE X-500 스위치는 제조 현장의 필드 레벌로부터 상위의 관리 레벨에 이르기까지의 통합된 네트워킹을 완벽하게 수행한다.
"System Modeling" Course - talks are on
Event Relationship Graphs and Petri Nets for dynamic event driven system modeling
at Center for Artificial Intelligence and Robotics (CAIR), DRDO, at Bengaluru, 21st January 2016.
It deals the with the concept of religion, Durkheim's view of religion, major religion in the world, sociological perspectives on religion, and types of religion.
III Curso de Experto en Cocina y Tecnología "Cocineros Tecnológicos"Invattur
Impulsado por el Laboratorio de Cocina del Invat.tur y con el soporte del Instituto Universitario de Investigaciones Turísticas de la Universidad de Alicante, el III Curso de Experto eN Cocina Tecnológica se plantea con la finalidad de perfeccionar a profesionales de la restauración e insertar en el mundo laboral a concieros con un mayor rigor científico y conocimiento de los métodos de gestión.
Más información: labcuina_invattur@gva.es
Article 1 - National Territory of the 1987 Philippine Constitution. It shows the rationale for the provision on national territory, the territory of the Philippines, and the technical terms used under UNCLOS.
Ian Scoones - Enabling plural pathways - uncertainty and responses to climate...STEPS Centre
Workshop on climate change and uncertainty from below and above, Delhi. http://steps-centre.org/2016/blog/climate-change-and-uncertainty-from-above-and-below/
Aquí resolvemos algunas de las interrogante sobre la percepción visual de los sitos webs, cuál es el papel de la atención visual y los problemas que los usuarios se tienen que enfrentar y no caer en la distracción.
En esta presentación podrá encontrar:
- ¿Cómo las personas percibimos visualmente?
- ¿Es fácil perder de vista algo que no buscas?
- La atención visual.
- Ceguera selectiva.
- ¿Qué debemos hacer frente a la ceguera selectiva?
Fuente: www.blog.pucp.edu.pe/ux
This is a presentation on aspects of the recent performance of the UK economy. All students are expected to have a good contextual knowledge of recent trends in indicators such as economic growth, inflation, unemployment, the trade balance, interest rates and government borrowing.
During ICCI's May Business Lunch, keynote speaker Antony Kelly shared with our business community key insights on end of the financial year main figures.
Quarter 3 Motor Industry Review PresentationTeresa Noone
The Society of the Irish Motor Industry (SIMI), in association with DoneDeal, has released their Third Quarter Motor Industry Review for 2014. The Review was compiled by Economist Jim Power using data from Revenue, CSO, NVDF and RSA as well as SIMI and DoneDeal for the first three quarters of 2014 covering sales, job creation, fuel prices and vehicle safety. It also surveyed Motor Industry businesses on issues currently affecting them.
2018 has been a year dominated by increased uncertainty over the possibility of the UK making a disorderly exit from the European Union and, given the instability of domestic politics at the moment, it would be a surprise if 2019 panned out differently. According to research from the National Institute of Economic and Social Research, If the government’s proposed Brexit deal is implemented, then GDP in the longer term will be around 4 per cent lower than it would have been had the UK stayed in the EU. This is roughly equivalent to losing the annual output of Wales or the output of the financial services industry in London. This is equivalent to a loss of 3 per cent in GDP per head, worth around £1,000 per person per annum to people in the UK.
These are the slides presented at the Economic Forum on 26 September 2022.
Presentations this month:
Energy spending by businesses
We present our analysis of businesses' energy spending from the Annual Business Survey 2019 and the Annual Purchases Survey 2018 and the resulting experimental measures of energy intensity. We present how energy intensity varies across and within industries, by energy type and firm size, and depending on the type of measure used.
Tightness in the labour market
We will be presenting analysis of various measures of labour market slack and the relationship between industry unemployment and vacancies.
These are the slides presented at The Greater London Authority , London for the Economic Forum on Thursday 24 October 2019 to provide delegates an understanding of regional statistics.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...
Belfastfinal 160921091026
1. ONS Economic Forum
Email: ONS.economic.forum@ons.gov.uk
Twitter: @ONS
#ONSeconomy
WIFI code for Parliament Building: NIAssembly
1
ONS Economic Forum
21 September 2016
2. ONS Economic Forum – September 2016
09.45 Introduction & Welcome
10.00 An overview of the UK Economic
Situation
10.40 Economic Statistics for Northern Ireland
11.10 Refreshment Break
11.50 Productivity and Labour Market
12.30 Close
2
Agenda
ONS Economic Forum
21 September 2016
6. GDP Current Price (£m): previously published v Blue Book 2016
Levels revised up, average per year:
1997-2009 +£49.6bn (4.3%), 2010-2014 +£9.1bn (0.6%), 2015 +£4.9bn (0.3%)
0
200000
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600000
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1000000
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1600000
1800000
2000000
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Second estimate of GDP: Quarter 1 (Jan to Mar) 2016 Final Blue Book 2016 Current Price Estimates
6
7. Real GDP (%): previously published v Blue Book 2016
1998 to 2015: average growth unrevised at +2.0%
-5.0
-4.0
-3.0
-2.0
-1.0
0.0
1.0
2.0
3.0
4.0
5.0
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Revision Second estimate of GDP: Quarter 1 (Jan to Mar) 2016 Final Blue Book 2016 Chained Volume Measure Estimates
8. Real GDP, Seas. Adj. (%): previously published v Blue Book 2016
Q2 1997 to Q1 2016: average quarterly growth rate unrevised at +0.5%
average quarterly revision -0.01 percentage points, absolute revision 0.10 percentage points
-3.0%
-2.5%
-2.0%
-1.5%
-1.0%
-0.5%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
1997Q2 1998Q2 1999Q2 2000Q2 2001Q2 2002Q2 2003Q2 2004Q2 2005Q2 2006Q2 2007Q2 2008Q2 2009Q2 2010Q2 2011Q2 2012Q2 2013Q2 2014Q22015 Q2
Revision Second estimate of GDP: Quarter 1 (Jan to Mar) 2016 Final 2016 Chained Volume Measure Estimates8
9. GDP economic downturn and
recovery
• 2008/09 downturn: same length and similar depth, was -6.1%, now -6.3%
• strength of recovery:
• GDP pre-downturn peak re-attained in Q3 2013, one quarter later
• in Q1 2016: GDP 7.0% above pre-downturn peak, was 7.2%
• in Q1 2016: GDP per capita 0.9% above pre-downturn peak, was 1.1%
9
10. Balance of Payments: Current Account (£m): previously published
v Pink Book 2016
-120000
-100000
-80000
-60000
-40000
-20000
0
20000
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Revision Final Blue Book 2016 Current Price Estimates Quarter 4 (Oct-Dec) 2015 Current Price Estimates 10
11. Balance of Payments: Net International Investment Position (£m):
previously published v Pink Book 2016
-500000
-400000
-300000
-200000
-100000
0
100000
200000
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Revision Final Blue Book 2016 Current Price Estimates Quarter 4 (Oct-Dec) 2015 Current Price Estimates
11
12. Household and NPISH saving ratio (%): previously published v Blue
Book 2016
-2
0
2
4
6
8
10
12
14
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Revision Final Blue Book 2016 Current Price Estimates Quarter 4 (Oct-Dec) 2015 Current Price Estimates 12
14. UK Employment / Unemployment Rate
(aged 16-64,%)
14
Employment rate 74.5% for May – July 2016
67
68
69
70
71
72
73
74
75
2007
JUN
2008
JUN
2009
JUN
2010
JUN
2011
JUN
2012
JUN
2013
JUN
2014
JUN
2015
JUN
2016
JUN
0
1
2
3
4
5
6
7
8
9
2007
JUN
2008
JUN
2009
JUN
2010
JUN
2011
JUN
2012
JUN
2013
JUN
2014
JUN
2015
JUN
2016
JUN
Unemployment rate 4.9% for May – July 2016
15. 15
771,000 people claiming unemployment related benefits in August 2016
UK Total Claimant Count SA
thousands of people, seasonally adjusted
0
200
400
600
800
1000
1200
1400
1600
1800
2007 JUN 2008 JUN 2009 JUN 2010 JUN 2011 JUN 2012 JUN 2013 JUN 2014 JUN 2015 JUN 2016 JUN
18. 18
UK PPI
(12 Month % Change)
Input PPI August 2016 year-on-year growth
7.6%, compared with a rise of 4.1% in the year
to July 2016
Output PPI August 2016 year-on-year
growth 0.8%, compared with a rise of 0.3% in
the year to July 2016
19. Index of Production & Index of Manufacturing
chained volume measures, seasonally adjusted
19
Index of Production month-on-month growth +0.1%
Index of Manufacturing month-on-month growth -0.9%
Index 2013=100
80
85
90
95
100
105
110
115
120
2007JAN 2008JAN 2009JAN 2010JAN 2011JAN 2012JAN 2013JAN 2014JAN 2015JAN 2016JAN
Index of Production Index of Manufacturing
20. Index of Construction
chained volume measures, seasonally adjusted
20
Index of Construction month-on-month growth flat
Index 2013=100
80
85
90
95
100
105
110
115
120
2010 Jan 2011 Jan 2012 Jan 2013 Jan 2014 Jan 2015 Jan 2016 Jan
21. Construction - new orders
volume of new orders (£m), constant prices, seasonally adjusted
21
Increased by 8.6% compared with Quarter 1 2016
Increased by 7.5% compared with Quarter 2 2015
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
Q1
2008
Q3
2008
Q1
2009
Q3
2009
Q1
2010
Q3
2010
Q1
2011
Q3
2011
Q1
2012
Q3
2012
Q1
2013
Q3
2013
Q1
2014
Q3
2014
Q1
2015
Q3
2015
Q1
2016
Housing Other work All new work
22. 22
Retail sales August month-on-month fall of 0.2%
Retail sales July month-on-month increase of 1.9%
2013=100
90.0
95.0
100.0
105.0
110.0
115.0
120.0
2013 Oct 2014 Apr 2014 Oct 2015 Apr 2015 Oct 2016 Apr
Retail Sales Index
Chained volume measures, seasonally adjusted
23. Imports and Exports
£m, seasonally adjusted
23
Increase in exports and a fall in imports
35 000
37 000
39 000
41 000
43 000
45 000
47 000
49 000
51 000
2014
Jul
Aug Sep Oct Nov Dec 2015
Jan
Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016
Jan
Feb Mar Apr May Jun Jul
Exports Imports
24. Trade Balance
£m, seasonally adjusted
24
Trade balance improved
-6 000
-5 000
-4 000
-3 000
-2 000
-1 000
2014
Jul Aug Sep Oct Nov Dec
2015
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2016
Jan Feb Mar Apr May Jun Jul
26. Forthcoming publications to watch out
for…
26
Date Release Period
30th September Index of Services July 2016
27th October GDP Preliminary Estimate Quarter 3 2016
25th November Business Investment Preliminary Release Quarter 3 2016
23rd December Quarterly National Accounts Quarter 3 2016
Balance of Payments Quarter 3 2016
Consumer Trends Quarter 3 2016
27. Blue Book 2017 – Main developments
• Corporate bonds interest payments
• Changes to the source data for Actual rental
• Enhancements to survey data
• Wider product breakdown in acquisitions and disposals of Gross fixed capital formation (GFCF)
• Enhanced detail for Financial corporations
• New data on number of drug users to inform estimates of illegal activities
• New survey sources for education in Trade in services
• More detailed sector breakdown
• Separation of Households and Non-Profit Institutions Serving Households (NPISH)
• More detailed presentation of the Financial corporation section
• Improvements to prices and volume methods after the last base year
27
28. Economic Statistics for Northern
Ireland
Richard Prothero (ONS)
James Gillan (NISRA)
28
ONS Economic Forum
21 September 2016
29. Contents
• Presentation of ONS/NISRA data by Richard Prothero
– Economic Output (GVA)
– Household Incomes
– Wellbeing
– Industrial Structure
– Qualifications
– Trade
• Presentation of additional NISRA data by James Gillan
– Economic Output.
– Labour Market
• Future plans for ONS and NISRA by James Gillan
30. Producing NI economic statistics
• ONS meets inter/national and sub-national obligations
– Access to large across-UK data sources
• NISRA meets additional devolved needs
– Statutory authority to collect business data
• Relationship Governed by:-
– UK Statistics and Registration Services Act (2007)
– UK Concordat on Statistics “The administrations will work
together to ensure the provision of coherent, reliable,
consistent and timely UK-wide statistics”
31. Northern Ireland has performed less well than the
UK since 2008
0% 10% 20% 30% 40% 50%
Northern Ireland
Yorkshire and…
North East
North West
Scotland
East of England
West Midlands
Wales
South West
East Midlands
South East
London
Increase in nominal GVA
GVA Growth before and since
Economic Downturn
2008-
2014
2002-
2008
The 2008-2014 data
shows how countries
and English regions
fared through the
downturn and
subsequent recovery.
The 2002-2008 data
shows how the regions
fared in a similar
period prior to the
downturn.
Note: due to the
economic downturn,
annual output in most
countries and regions
reached a temporary
peak in 2008 before
declining in 2009.
Source: ONS
32. GVA growth in Northern Ireland by area
Source: ONS
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
Belfast Outer Belfast East of
Northern
Ireland
North of
Northern
Ireland
West and South
of Northern
Ireland
Average annual growth in
Nominal Gross Value Added (GVA)
2002-2008
2008-2014
33. GVA per head
50 70 90 110 130 150 170 190
Wales
North East
Northern Ireland
Yorkshire and The Humber
West Midlands
East Midlands
North West
South West
East of England
Scotland
South East
London
UK=100
Nominal GVA per head, 2014
GVA per head GVA per hour workedSource: ONS
34. Household Income
In Northern Ireland,
relative performance in
GDHI is similar to
relative performance in
GVA per hour worked.
Source: ONS
60 70 80 90 100 110 120 130 140
Northern Ireland
North East
Wales
Yorkshire and The Humber
West Midlands
North West
East Midlands
Scotland
South West
East of England
South East
London
UK=100
Gross Disposable Household Incomes per head, 2014
35. GDHI per head by area 1997-2014
60
65
70
75
80
85
90
95
100
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
UK=100
Gross Disposable Household Income (GDHI) per head, 1997-2014
N Ireland
Outer Belfast
East of Northern Ireland
Belfast
North of Northern Ireland
West and South of Northern
Ireland
Source: ONS
36. Personal Wellbeing
Source: ONS
How Satisfied are you with your life nowadays?
Where 0 is 'not at all satisfied' and 10 is 'completely satisfied'.
Proportion of residents in each Threshold
Average (Mean)
rating
Low Medium High Very High
0-4 5-6 7-8 9-10
UK 4.6 14.2 52.1 29.2 7.65
Northern Ireland 4.4 12.8 44.0 38.7 7.85
England 4.6 14.3 52.4 28.8 7.64
Wales 5.2 14.4 50.7 29.7 7.63
Scotland 4.4 13.9 52.1 29.6 7.68
37. Personal Wellbeing
• Analysis on UK data shows health, employment status and
relationship status as important factors related to personal
well-being - but this can’t explain Northern Ireland result.
• Other potential factors
– Country differences - Globally evidence of differences in
responses to wellbeing surveys across countries.
– Expectations – The improved situation post-1998 may be
reflected in ongoing positive expectations.
– High social capital - ONS social capital report showed that within
UK people living in Northern Ireland reported the highest levels
for feelings of belonging to their neighbourhood (73%), that
people around them were willing to help others (80%) and that
the people in their neighbourhood can be trusted (73%).
38. Population Growth
Since 2008,
Northern Ireland
has seen growth
in both its working
age population
and total
population.
By contrast,
Wales and North-
East England had
a decline in
working age
population
between 2008-
2015.
Source: ONS
-2% 0% 2% 4% 6% 8% 10% 12%
North East
Wales
North West
Scotland
Yorkshire and The Humber
Northern Ireland
West Midlands
South West
East Midlands
South East
East
London
Population Growth 2008-2015
all ages 16-64 yrs
39. Industrial Specialisations
0.0 0.5 1.0 1.5 2.0 2.5
Mining and quarrying
Financial and insurance activities
Information and communication
Professional, scientific and technical activities
Administrative and support service activities
Real estate activities
Electricity, gas, steam and air-conditioning supply
Transportation and storage
Accommodation and food service activities
Construction
Arts, entertainment and recreation
Other service activities
Education
Wholesale and retail trade; repair of motor vehicles
Human health and social work activities
Manufacturing
Water supply; sewerage and waste management
Agriculture, forestry and fishing
Public administration and defence; compulsory social…
Location Quotients, 2014 (based on GVA data)
relative to UK excluding London relative to UKSource: ONS
40. Qualifications
0 10 20 30 40 50 60
North East
Northern Ireland
West Midlands
Yorkshire and The Humber
North West
East Midlands
East
Wales
South West
South East
Scotland
London
% share of 16-64 year olds
Highest Level of Qualifications, 2015
Level 4
(degree level)
None
Source: ONS
UK =
35.8% Level 4,
9.0% None
41. Exports of Goods
Expressing
exports as a
share of GVA
gives a guide
as to relative
export
intensity.
Note,
however, this
is not the
same as
saying the
exports were
directly
responsible
for the share
of GVA
shown.
Source: HMRC
0%
5%
10%
15%
20%
25%
30%
Value of Goods Exports, 2015
(expressed as a percentage of GVA)
42. Exports of Goods by Industry
0% 5% 10% 15% 20% 25% 30% 35% 40%
Other commodities nes
Animal and Vegetable Oils
Mineral Fuels
Crude Materials
Beverages and Tobacco
Manufactured Goods
Miscellaneous Manufactures
Food and Live Animals
Chemicals
Machinery and Transport
Share of Goods Exports by Industry, NI and UK, 2015.
NI UK
Source: HMRC
43. Exports of Services
Expressing
exports as a
share of GVA
gives a guide
as to relative
export
intensity.
Note,
however, this
is not the
same as
saying the
exports were
directly
responsible
for the share
of GVA
shown.
Source: ONS
0%
5%
10%
15%
20%
25%
30%
Value of Services Exports, 2014
(expressed as a percentage of GVA)
46. Comparison of NI Composite Economic Index (NICEI)
with UK, Scotland & ROI GDP (Q1 2016)
(2012=100)
90
95
100
105
110
115
120
125
130
135
140
145
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Index(2012=100)
NI Composite Economic Index UK GDP Scotland GDP ROI GDP
ROI growth from Q4 2014 to Q1 2015 = 20.3%
Note that the NICEI is not
directly equivalent to GDP
46
Source: NI Composite Economic Index, ONS Quarterly National Accounts,
Scottish Government Quarterly National Accounts , CSO Ireland Quarterly
National Accounts
47. Northern Ireland (NI) experienced the sharpest fall and
slowest recovery compared to Scotland & the UK as a whole
(2012 = 100)
85
90
95
100
105
110
115
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Index(2012=100)
Comparison of NICEI with UK, Scotland GDP (to Q1 2016)
NI Composite Economic Index UK GDP Scotland GDP
NI peak to
trough = -10.6%
Scotland peak to
trough = -4.0%
UK peak to
trough = -6.3%
47
Source: NI Composite Economic Index, ONS Quarterly
National Accounts, Scottish Government Quarterly National
Accounts
49. 110.4
99.2
112.6
116.1
98
100
102
104
106
108
110
112
114
116
118
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Index(2002=100)
Public
Private
In June 2016, the NI public sector made
up 28% of all employee jobs and the
Source: NISRA Quarterly Employment Survey (NI)
Index of Northern Ireland public and private sector
employee jobs
51. NI Sectoral change in employee jobs – downturn (2008-2012)
51
Source: NISRA Quarterly Employment Survey (NI)
-25000 -20000 -15000 -10000 -5000 0 5000 10000 15000 20000 25000
Health activities
Office administrative activities
Computer programming, consultancy & related activities
Activities of head offices
Manufacture of basic pharmaceutical products
Crop and animal production, hunting & related activities
Activities auxiliary to financial services & insurance
Sports activities,amusement & recreation
Waste collection activities
Repair & installation of machinery & equipment
Wholesale trade, except of motor vehicles/cycles
Civil engineering
Education
Manufacture of other non-metallic mineral products
Social work activities without accommodation
Employment activities
Public administration & defence
Retail trade, except of motor vehicles & motorcycles
Construction of buildings
Specialised construction activities
Change 2008-2012
52. NI Sectoral change in employee jobs – recovery (2012-2016)
52
Source: NISRA Quarterly Employment Survey (NI)
-25000 -20000 -15000 -10000 -5000 0 5000 10000 15000 20000 25000
Public administration & defence
Financial activities excl. Insurance/pension funding
Manufacture of electrical equipment
Manufacture of beverages & tobacco products
Specialised construction activities
Postal and courier activities
Scientific research & development
Civil engineering
Other manufacturing
Manufacture of rubber & plastic products
Retail trade, except of motor vehicles/cycles
Manufacture of food products
Activities of head offices
Legal and accounting activities
Computer programming & consultancy activities
Food & beverage service activities
Social work activities without accommodation
Office administrative activities
Employment activities
Health activities
Change 2012-2016
53. Source: NISRA Quarterly Employment Survey (NI)
NI Sectoral change in employee jobs (2002-2016)
-25000 -20000 -15000 -10000 -5000 0 5000 10000 15000 20000 25000
Public administration and defence
Manufacture of wearing apparel
Manufacture of textiles
Construction of buildings
Specialised construction activities
Manufacture of computer products
Postal and courier activities
Manufacture of rubber & plastic products
Manufacture of non-metallic mineral products
Manufacture of electrical equipment
Legal and accounting activities
Services to buildings & landscape activities
Real estate activities
Food & beverage service activities
Social work activities without accommodation
Computer programming & consultancy activities
Employment activities
Office administrative activities
Retail trade, except of motor vehicles/cycles
Health activities
Change 2002-2016
54. 109.1
113.1
110.5
98
100
102
104
106
108
110
112
114
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Index(2002=100)
Unadjusted at June each year
Index of NI full-time and part-time employee jobs
NI Full-Time
NI Part-Time
NI Total Jobs
In June 2016, NI full-time jobs made up 66%
of total jobs and part-time jobs made up
34% of total jobs.
Source: NISRA Quarterly Employment Survey (NI)
62. Programme for Government Framework –
Indicators & Measures
62
Indicator Measure
LabourMarket
17. Reduce economic inactivity Economic inactivity rate excluding students
32. Increase economic opportunities for our most
deprived communities
The employment rate of 16-64 year olds by deprivation
quintile
33. Reduce underemployment
% of people working part time who would like to work more
hours
14. Improve the skills profile of the population
The proportion of the workforce in employment with
qualifications at level 1 and above, level 2 and above, level 3
and above, and level 4 and above
16. Increase the proportion of people in work Seasonally adjusted employment rate (16-64)
18. Increase the proportion of people working in
good jobs
A Good Jobs Index
34. Improve regional balance of economic
prosperity through increased employment
Employment rate by geographic area
Economy
20. Increase the size of the economy
Private Sector NICEI (Northern Ireland Composite Economic
Index)
21. Increase the competitiveness of the economy External sales
22. Increase innovation in our economy Regional innovation ranking
42. Increase quality of life for people with disabilities Average life satisfaction score of people with disabilities
63. Expenditure per capita on Final
Demand components (2012)
63
15,278
16,993
16,035
6,660
5,430
5,893
2,072
4,247
4,119
NI
UK
Scotland
Household Final
Consumption Expenditure
Government Final
Consumption Expenditure
Gross Capital
Formation
Source: NISRA, ONS & Scottish Government
Supply-Use Tables
65. NISRA releases & future plans
• Upcoming NISRA releases :-
– Labour Market bulletin (monthly)
– NI Composite Economic Index - Q2 2016 (Oct)
– Annual Survey of Hours and Earnings 2016 (Oct)
– Annual Business Inquiry / Exports 2015 (Dec)
• Future NISRA plans
– Digital Economy Bill / use of new sources
– Data Science
65
66. ONS releases & future plans
• Upcoming ONS releases :-
– Labour Market bulletin (monthly)
– Regional GVA (Dec)
– Regional / Sub-regional Productivity (Jan)
• Future ONS plans
– Household Final Consumption Expenditure
– Short Term Indicators for English Regions
– Flexible Geographies
66
67. ONS Economic Forum
Email: ONS.economic.forum@ons.gov.uk
Twitter: @ONS
#ONSeconomy
WIFI code for Parliament Building: NIAssembly
67
ONS Economic Forum
21 September 2016
68. The labour market and productivity
Dr Philip Wales
Head of Productivity
68
ONS Economic Forum
21 September 2016
69. Labour market and productivity
• Headline labour market quantities data
• Key differences of the NI labour market
• Earnings in the NI and UK labour markets
• Productivity
69
70. The labour market in Northern Ireland
70
43.0%
13.8%
3.5%
39.4%
0
250
500
750
1000
1250
1500
2004-05
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
Thousands
Full time Employment Part time Employment Unemployed Inactive
Labour market status of the NI population – all 16+
Source: Labour Force Survey
74. Labour market and productivity
Relative to the UK, Northern Ireland’s labour market currently has a:
• A higher rate of inactivity
• A lower employment rate
• Similar unemployment rates
These are broadly consistent with historical trends: over the lifetime of
the LFS, NI’s employment and inactivity rates have been persistently 4
percentage points weaker than in the UK as a whole.
74
75. Labour market and productivity
• Headline labour market quantities data
• Key differences of the NI labour market
– 1. Inactivity
– 2. Employment
• Earnings in the NI and UK labour markets
• Productivity
75
76. Key features of NI labour market
76
20
22
24
26
28
30
32
34
1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016
United Kingdom Northern Ireland%
Inactivity – Northern Ireland & the UK
Source: Labour Force Survey
Note: Headline inactivity rate (among those aged 16-64)
77. Key features of NI labour market
77
Inactivity – by age group (2006 Q2)
Source: Labour Force Survey
0
10
20
30
40
50
60
70
80
90
100
16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 61 64 67 70
United Kingdom Northern Ireland%
Rolling five year age groups
78. 0
10
20
30
40
50
60
70
80
90
100
16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 61 64 67 70
United Kingdom Northern Ireland%
Key features of NI labour market
78
Inactivity – by age group (2016 Q2)
Source: Labour Force Survey
Rolling five year age groups
79. Key features of NI labour market
79
Contributions to inactivity by Reason, Northern Ireland – by age group (2016 Q2)
0
10
20
30
40
50
60
70
80
18 23 28 33 38 43 48 53 58 63
Looking after the family LT sick/disabled Other Total
Rolling five year age groups
%
Source: Labour Force Survey,
Note: ’Other’ includes retired individuals, students and other reasons
80. Key features of NI labour market
80
Inactivity by age – UK vs Northern Ireland (Q2 2016)
-6
-4
-2
0
2
4
6
8
10
12
14
16
18 21 24 27 30 33 36 39 42 45 48 51 54 57 60 63 66 69
Percentage points
Total
Rolling five year age groupsSource: Labour Force Survey,
Note: ’Other’ includes retired individuals, students and other reasons
81. Key features of NI labour market
81
Contributions to inactivity by age – UK vs Northern Ireland (Q2 2016)
-6
-4
-2
0
2
4
6
8
10
12
14
16
18 21 24 27 30 33 36 39 42 45 48 51 54 57 60 63 66 69
Percentage points
Other Total
Rolling five year age groupsSource: Labour Force Survey,
Note: ’Other’ includes retired individuals, students and other reasons
82. Key features of NI labour market
82
Contributions to inactivity by age – UK vs Northern Ireland (Q2 2016)
-6
-4
-2
0
2
4
6
8
10
12
14
16
18 21 24 27 30 33 36 39 42 45 48 51 54 57 60 63 66 69
Percentage points
Long-term sick as disabled (would not like work)
Other
Total
Rolling five year age groupsSource: Labour Force Survey,
Note: ’Other’ includes retired individuals, students and other reasons
83. Key features of NI labour market
83
Contributions to inactivity by age – UK vs Northern Ireland (Q2 2016)
-6
-4
-2
0
2
4
6
8
10
12
14
16
18 21 24 27 30 33 36 39 42 45 48 51 54 57 60 63 66 69
Percentage points
Looking after the family (would not like work)
Long-term sick as disabled (would not like work)
Other
Total
Rolling five year age groupsSource: Labour Force Survey,
Note: ’Other’ includes retired individuals, students and other reasons
84. Labour market and productivity
• Headline labour market quantities data
• Key differences of the NI labour market
– 1. Inactivity
– 2. Employment
• Earnings in the NI and UK labour markets
• Productivity
84
86. Key features of NI labour market
86
Employment rate – by age (year to 2016 Q2)
0
10
20
30
40
50
60
70
80
90
100
16 19 22 25 28 31 34 37 40 43 46 49 52 55 58
United Kingdom Northern Ireland% Employed
Source: Labour Force Survey
Rolling five year age groups
87. Key features of NI labour market
87
Full time share of employment
72
73
74
75
76
77
78
79
80
Rest of the UK Northern Ireland% Full-time
Source: Labour Force Survey
88. Key features of NI labour market
88
20
21
22
23
24
25
26
27
28
Rest of the UK Northern Ireland% Part-time
Source: Labour Force Survey
Part time share of employment
89. Labour market and productivity
• Headline labour market quantities data
• Key differences of the NI labour market
• Earnings in the NI and UK labour markets
• Productivity
89
90. Earnings
90
Median earnings by region: 2005, 2010, 2015, UK=100
0 20 40 60 80 100 120 140 160
London
South East
Scotland
East
North East
North West
South West
West Midlands
Yorkshire and The…
Northern Ireland
Wales
East Midlands
2015
2010
2005
UK
Source: Annual Survey of Hours & Earnings
91. Earnings
91
Distribution of earnings: 1997
0
2
4
6
8
10
12
14
Density, %
Gross Hourly Earnings (+/-20 pence), £
Source: Annual Survey of Hours & Earnings
113. Labour market and productivity
• Headline labour market quantities data
• Key differences of the NI labour market
• Earnings in the NI and UK labour markets
• Productivity
113
114. Productivity
114
Regional Productivity – nominal terms
75 80 85 90 95 100
West and South of Northern
Ireland
North of Northern Ireland
East of Northern Ireland
Outer Belfast
Belfast
Northern Ireland
GVA per job filled, 2014, UK=100 GVA per job filled, 2014, UK=100
Source: ONS sub-regional productivity estimates
0 50 100 150
Wales
North East
Northern Ireland
Yorkshire and The Humber
West Midlands
East Midlands
North West
South West
Scotland
East of England
South East
London
115. Productivity
115
Regional Productivity – distribution of firm-level labour productivity
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
-10 0 10 20 30 40 50 60 70 80 90 100
Density
Productivity (£ thousands per worker)
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
-10 0 10 20 30 40 50 60 70 80 90 100
Density
Productivity (£ thousands per worker)
2008
2011
2014
Northern Ireland Great Britain
Source: Annual Business Inquiry, Annual Business Survey
Note: Includes Private, non-financial firms.
116. Productivity
116
Regional Productivity – composition of the top 10% of firms by productivity
48.3% 46.3% 50.5%
13.9% 14.6%
16.6%
12.8% 13.2%
11.8%
17.2% 18.7%
15.9%
7.7% 7.2% 5.2%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 2011 2014
29.0%
35.0% 32.1%
7.4%
5.9% 8.1%
27.7%
25.4% 25.6%
28.1% 21.5% 24.8%
7.8%
12.1% 9.5%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2008 2011 2014
Northern Ireland Great Britain
Source: Annual Business Inquiry, Annual Business Survey
Note: Includes Private, non-financial firms.
117. Productivity
117
Regional Productivity – intra-industry distribution of productivity
-20 0 20 40 60 80 100 120 140 160 180 200
Productivity, £ thousands
-20 0 20 40 60 80 100 120 140 160 180 200
0 50 100 150 200
Productivity, £ thousands
Northern Ireland Great Britain
Source: Annual Business Inquiry, Annual Business Survey, ONS analysis
Note: Includes Private, non-financial firms.
Manufacturing
Construction
Whole. & retail of mot. vehicles
Accomm & food services
Transport & storage
Info & comms
Real estate
Prof., Sci., & Tech. activities
Admin & support activities
118. Labour market and productivity
• UK labour market is recovering strongly from the economic downturn: labour
market in NI appears to have a similar headline unemployment experience, but
has been weaker in terms of its inactivity and employment rate performance
• The UK’s income distribution has changed markedly over the last ten years, with a
growing concentration of workers at or around the national minimum wage. This is
broadly consistent with the experience in Northern Ireland – although the
prevalence of low pay is more marked here than in the UK as a whole
• The average level of nominal productivity in Northern Ireland is notably lower than
in the UK average. However, there are a range of firm-level performances both
within and between industries in NI, mirroring the range for the rest of GB.
118
120. ONS Economic Forum
Email: ONS.economic.forum@ons.gov.uk
Twitter: @ONS
#ONSeconomy
WIFI code for Parliament Building: NIAssembly
120
ONS Economic Forum
21 September 2016
122. Key features of NI labour market
122
Skills (year to 2008 Q2)
0
5
10
15
20
25
30
Degree or
equivalent
Higher
education
A-level or
equivalent
GCSE A*-C Other
qualification
No
qualification
Don't Know
Northern Ireland Rest of the UK
Educational level
% with given educational level
Source: Labour Force Survey
123. Key features of NI labour market
123
Skills (year to 2016 Q2)
0
5
10
15
20
25
30
Degree or
equivalent
Higher
education
A-level or
equivalent
GCSE A*-C Other
qualification
No
qualification
Don't Know
Northern Ireland Rest of the UK
Educational level
% with given educational level
Source: Labour Force Survey
124. Key features of NI labour market
124
Industrial mix (year to 2008 Q2)
0 2 4 6 8 10 12 14 16
Agriculture
Mining and quarrying
Manufacturing
Electricity and gas
Water supply
Construction
Wholesale and retail trade
Transportation and storage
Accommodation and food
Information and communication
Financial services
Real estate activities
Professional services
Support admin
Public admin
Education
Health
Arts and entertainment
Other service activities
Northern Ireland Rest of the UK
Industry (main job)
% in given industry
125. Key features of NI labour market
125
Industrial mix (year to 2016 Q2)
0 2 4 6 8 10 12 14 16
Agriculture
Mining and quarrying
Manufacturing
Electricity and gas
Water supply
Construction
Wholesale and retail trade
Transportation and storage
Accommodation and food
Information and communication
Financial services
Real estate activities
Professional services
Support admin
Public admin
Education
Health
Arts and entertainment
Other service activities
Northern Ireland Rest of the UK
Industry (main job)
% in given industry
127. Key features of NI labour market
127
Prevalence of self-employment
11
12
13
14
15
16
17
Rest of the UK Northern Ireland%Self-employed
128. Levels of inactivity by age
128
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
18 21 24 27 30 33 36 39 42 45 48 51 54 57 60 63
Looking after the family
LT sick/disabled
Other
Total
Average of rolling five year age groups