The Ulster Bank Northern Ireland PMI report for January 2013 showed:
1) Business activity in Northern Ireland continued to decline in December, though the rate of contraction eased slightly. Output fell across all sectors, led by services.
2) New orders also decreased further in December, with the rate of decline easing but remaining faster than the UK average. A lack of new business opportunities was cited.
3) Outstanding business levels fell substantially again due to lower new orders, though the rate of depletion slowed.
This summary provides the key findings from the Ulster Bank Northern Ireland PMI report for January 2013 in 3 sentences or less as requested. It highlights the continued contraction in business activity and new orders
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
Northern Ireland Labour Market Update Issued 14th December 2012
Richard Ramsey
Ulster Bank Chief Economist Northern Ireland
richard.ramsey@ulsterbankcm.com
Guild of Agricultural Journalists - eoncomic contextRichard Ramsey
Richard Ramsey, Ulster Bank Chief Economist, delivered a presentation to member of the Guild of Agricultural Journalists and other members of the media on the Northern Ireland agri-food sector and the economic context on which it is operation.
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
Northern Ireland Labour Market Update Issued 14th December 2012
Richard Ramsey
Ulster Bank Chief Economist Northern Ireland
richard.ramsey@ulsterbankcm.com
Guild of Agricultural Journalists - eoncomic contextRichard Ramsey
Richard Ramsey, Ulster Bank Chief Economist, delivered a presentation to member of the Guild of Agricultural Journalists and other members of the media on the Northern Ireland agri-food sector and the economic context on which it is operation.
Ulster Bank Northern Ireland Purchasing Managers Index (PMI) November 2020. Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Ulster Bank Northern Ireland PMI September 2020 Slide PackRichard Ramsey
Ulster Bank Northern Ireland Purchasing Managers Index (PMI) September 2020 - Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector.
September 2020 Survey Update
Ulster Bank Northern Ireland Purchasing Managers Index (PMI). Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector.
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
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Ulster Bank Northern Ireland Purchasing Managers Index (PMI) November 2020. Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Ulster Bank Northern Ireland PMI September 2020 Slide PackRichard Ramsey
Ulster Bank Northern Ireland Purchasing Managers Index (PMI) September 2020 - Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector.
September 2020 Survey Update
Ulster Bank Northern Ireland Purchasing Managers Index (PMI). Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector.
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
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
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
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
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.
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Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
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This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
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
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.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
1. 14th January 2013
Ulster Bank Northern Ireland PMI ®
The Ulster Bank Northern Ireland PMI®
(Purchasing Managers’ Index®) is
Activity falls further in December, albeit at
reduced rate
produced by Markit Economics.
The report features original survey data
collected from a representative panel of
companies based in Northern Ireland and
operating in the manufacturing, service,
According to latest data from Ulster Bank, the
Northern Ireland private sector remained in Output
construction and retail/wholesale sectors. 65
contraction during December, and continued
60
to underperform relative to the UK as a whole. Rising
Ulster Bank Ireland Limited, Further marked reductions were seen in activity 55
Registered in Republic of Ireland and new orders, despite companies offering 50
No 25766 Registered Office:
discounts to clients. Lower workloads and 45
Ulster Bank Group Centre attempts to reduce costs led to a further decline Falling
George’s Quay
in employment, albeit at a slower pace. 40
Dublin 2
Ulster Bank Ireland Limited is regulated Slower reduction in activity 35
by the Irish Financial Services Regulatory A further decrease in business activity was 30
Authority. recorded across the Northern Ireland private
Calls may be recorded. sector in December, although the rate of
For further information please contact: contraction eased to the slowest in five months.
Richard Ramsey The decline was still marked, however, and New Business
Chief Economist, Northern Ireland compared with stagnation at the UK level. All four 65
Ulster Bank Group sectors posted falling activity, led by services.
60
Tel: +44 (0)28 9027 6354 Reduced client demand was mentioned by those Rising
Mobile: +44 (0)7881 930955
respondents that posted a decrease in output. 55
Email: richard.ramsey@ulsterbankcm.com
Web: www.ulsterbankcapitalmarkets.com Panellists reported a lack of opportunities 50
to secure new business, leading to another 45
decrease in incoming new orders in December. Falling
40
As with activity, the rate of decline eased from
the previous month, but remained faster than the 35
Markit Economics
UK average. New export orders also fell, but at a 30
Henley on Thames much slower pace than in November.
Oxon RG9 1HG, UK
Tel: +44 1491 461000 Further fall in employment
Fax: +44 1491 461001 With new orders decreasing again, firms worked
Employment 60
e-mail: economics@markit.com through their backlogs of work and lowered
staffing levels. Outstanding business was depleted Rising 55
The Ulster Bank Northern Ireland PMI® at a substantial pace, albeit the slowest in three
is produced by Markit Economics, an months. 50
independent research company that
Panellists also reported that attempts to
produces highly-regarded surveys of
business conditions in nations around the reduce costs had been behind the latest fall in Falling
45
world. employment. That said, the rate of job cuts eased
40
for the second month running to the slowest since
April 2012. In contrast to the overall trend, the 35
manufacturing sector recorded an increase in
Ulster Bank and Markit Economics staffing levels during December.
acknowledge the support of CIPS in the
production of this report. Cost inflation remains sharp Input Costs/Prices Charged
Northern Ireland companies registered another 80
strong rise in input costs during the month. The 75 Input costs
rate of inflation quickened slightly from November, 70
and remained well above the average for the UK 65
economy as a whole. Higher energy and fuel 60 Rising
prices were mentioned by respondents. On a 55
sectoral basis, the fastest increase in input costs 50
The intellectual property rights to the Northern Ireland was at manufacturers. 45
Prices charged Falling
PMI provided herein is owned by Markit Economics
Limited, Ulster Bank use the above marks under licence. Strong competitive pressure meant that 40
Markit and the Markit logo are registered trade marks of companies in Northern Ireland continued to lower 35
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Markit Group Limited. Any unauthorised use, including
but not limited to copying, distributing, transmitting their output prices in December, despite further
or otherwise of any data appearing is not permitted cost inflation. Moreover, the pace of reduction The above charts plot the seasonally adjusted indicators of
without Markit’s prior consent. Markit shall not have any
liability, duty or obligation for or relating to the content quickened and was the fastest in three months. business conditions in Northern Ireland. Index readings
or information (“data”) contained herein, any errors, The fall in prices charged in Northern Ireland above 50.0 signal an increase on the previous month
inaccuracies, omissions or delays in the data, or for any
contrasted with a modest increase at the UK while readings below 50.0 signal a decrease.
actions taken in reliance thereon. In no event shall Markit
be liable for any special, incidental, or consequential level.
damages, arising out of the use of the data.
2. Ulster Bank Northern Ireland PMI®
Output / Business Activity
Q. Is the level of output or business activity at your company higher, the same or lower this month than one month ago?
Northern Ireland Companies All UK 70
Higher Same Lower Net Index S.Adj'd S.Adj'd
UK Private Sector
% % % +/- 50=no chg Index Index 60
2012 Jul 12.7 56.7 30.6 -17.8 41.1 47.4 49.7
Aug 18.1 46.4 35.5 -17.4 41.3 42.4 52.3 50
Sep 19.1 54.9 26.1 -7.0 46.5 44.6 51.5
Oct 14.0 55.7 30.3 -16.4 41.8 40.5 49.8
Nov 16.8 51.4 31.8 -14.9 42.5 41.6 50.1 40
Dec 19.5 52.4 28.1 -8.6 45.7 44.8 49.9 NI Private Sector
Northern Ireland private sector firms posted a further decline in activity 30
during December, extending the current sequence of reduction to 13 70
months. The rate of contraction eased for the second month running to
the slowest since July. However, the reduction at Northern Ireland firms 60
was still marked, and compared with stagnation across the UK economy Services
as a whole. Where activity decreased, this was mainly linked to weakening 50
client demand. All four monitored By sector
sectors posted falling activity Manufacturing
Construction Manuf- Services 40
in December, led by services. acturing
The slowest reduction was in ‘12 Oct 32.1 47.3 40.7 30
manufacturing, although this was
Nov 39.9 46.3 39.7 Construction
the only sector to see a sharper 20
decline than in November. Dec 43.1 45.9 43.0
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
New Business
Q. Is the level of new orders or incoming new business at your company higher, the same or lower this month than one month ago?
Northern Ireland Companies All UK 70
Higher Same Lower Net Index S.Adj'd S.Adj'd UK Private Sector
60
% % % +/- 50=no chg Index Index
2012 Jul 16.4 54.1 29.6 -13.2 43.4 47.9 50.0 50
Aug 18.4 45.7 35.9 -17.5 41.2 42.3 51.5
Sep 19.2 56.1 24.7 -5.4 47.3 43.7 52.1 40
Oct 17.5 56.2 26.3 -8.8 45.6 43.6 51.6 NI Private Sector
Nov 19.0 46.3 34.6 -15.6 42.2 43.5 49.4 30
Dec 19.6 45.6 34.9 -15.3 42.4 44.8 49.3
As has been the case in each month since December 2007, new business 20
decreased in Northern Ireland during December 2012. The rate of decline 70
remained marked, despite easing slightly to the slowest in five months. The
fall in Northern Ireland was much faster than the UK average. Panellists 60
highlighted a lack of opportunities to secure new business, and the need Services
to offer discounts. Close to 35% of respondents noted a decline in new 50
orders, against 20% that posted an By sector Manufacturing
increase. Manufacturers registered Construction Manuf- Services 40
a first reduction in new business in acturing
three months, although the pace ‘12 Oct 37.2 50.9 40.5 30
of decline was much weaker than Construction
Nov 37.2 51.0 39.8
in the three remaining sectors. 20
Dec 40.9 48.5 41.5 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Backlogs
Q. Is the level of business outstanding (i.e. work not yet commenced or completed) at your company higher, the same or lower this month than one month ago?
Northern Ireland Companies All UK 70
Higher Same Lower Net Index S.Adj'd S.Adj'd
% % % +/- 50=no chg Index Index 60
2012 Jul 8.4 57.2 34.5 -26.1 36.9 37.8 45.5 UK Private Sector
Aug 10.5 53.3 36.2 -25.8 37.1 37.9 46.8 50
Sep 17.4 64.6 18.0 -0.6 49.7 44.5 48.8
Oct 10.1 54.9 35.0 -24.9 37.5 39.0 47.0
Nov 12.3 51.7 36.0 -23.7 38.2 38.8 46.7 40
Dec 12.9 54.8 32.3 -19.3 40.3 40.7 47.3
NI Private Sector
According to respondents in December, falling new orders was again a 30
key factor leading to a depletion of outstanding business. The Northern 70
Ireland private sector recorded a substantial reduction in backlogs of
work, albeit the slowest in three months. The fall in outstanding business 60
in Northern Ireland remained steeper than that seen at the UK level. Services
Work-in-hand (but not yet completed) has now decreased in each of the 50
past 62 months. All four monitored By sector Manufacturing
sectors posted declining Construction Manuf- Services 40
backlogs, with the sharpest fall at acturing
service providers. Manufacturers ‘12 Oct 27.6 43.2 42.2 30
registered the weakest reduction
Nov 27.8 42.5 35.9 Construction
in outstanding business. 20
Dec 39.6 44.0 37.0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
All Intellectual Property Rights owned by Markit Economics Limited 2
3. 14 January 2013
Employment
Q. Is the level of employment at your company higher, the same or lower this month than one month ago?
Northern Ireland Companies All UK 70
Higher Same Lower Net Index S.Adj'd S.Adj'd
% % % +/- 50=no chg Index Index 60
UK Private Sector
2012 Jul 5.5 83.6 11.0 -5.5 47.3 47.8 51.3
Aug 9.2 76.8 14.0 -4.8 47.6 47.1 50.9 50
Sep 7.7 79.0 13.2 -5.5 47.2 47.0 48.6
Oct 4.1 80.7 15.2 -11.0 44.5 44.2 49.0
Nov 10.1 77.0 12.9 -2.8 48.6 47.9 49.5 40
Dec 7.3 80.7 12.0 -4.7 47.7 48.2 49.8
NI Private Sector
December data pointed to a further reduction in employment at 30
Northern Ireland companies. However, the rate of job cuts slowed for 70
the second successive month, and was the weakest since April 2012.
The rate of decline in staffing levels in Northern Ireland remained faster 60 Services
than the UK economy average, where job shedding also eased during
December. Respondents indicated that lower workloads had partly 50
led to the latest reduction in By sector Manufacturing
employment, while attempts to cut Construction Manuf- Services 40
costs were also mentioned. The acturing
only sector to increase staffing ‘12 Oct 30.2 49.1 45.6 30
Construction
levels was manufacturing, where
Nov 34.4 50.7 49.5
employment rose for the second 20
month running. Dec 38.3 51.0 47.3 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Input Costs
Q. Have average input prices or input costs risen, fallen or remained unchanged this month compared to one month ago?
Northern Ireland Companies All UK 80
NI Private Sector
Higher Same Lower Net Index S.Adj'd S.Adj'd
% % % +/- 50=no chg Index Index 70
2012 Jul 21.7 68.7 9.7 12.0 56.0 57.7 51.8
Aug 24.7 66.3 9.1 15.6 57.8 58.2 55.1 60
Sep 28.5 68.4 3.1 25.4 62.7 62.1 56.6
UK Private Sector
Oct 27.8 65.4 6.9 20.9 60.5 60.9 57.1
Nov 22.6 73.4 4.0 18.6 59.3 61.1 54.6 50
Dec 21.3 73.5 5.2 16.0 58.0 61.4 56.7
Northern Ireland companies posted a further sharp increase in input 40
90
costs during December. The rate of inflation was sharper than that seen
across the UK economy as a whole, as has been the case in each month
80
throughout the past two years. The latest rise was marginally quicker than Manufacturing
seen in the previous month, and the sharpest since September. Those 70
panellists that recorded an increase in input prices mainly linked this to
higher energy costs, with fuel also By sector 60
reportedly up in price. Inflation Services
Construction Manuf- Services 50
quickened at manufacturers and acturing
service providers, but eased ‘12 Oct 57.7 62.2 59.2 40
marginally in the construction and Construction
Nov 56.9 65.5 58.0
retail sectors. 30
Dec 56.1 66.8 60.2 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Prices Charged
Q. Are the average prices charged for goods and services by your company higher, the same or lower this month than one month ago?
Northern Ireland Companies All UK 70
Higher Same Lower Net Index S.Adj'd S.Adj'd
% % % +/- 50=no chg Index Index UK Private Sector 60
2012 Jul 5.2 83.5 11.3 -6.1 47.0 48.1 49.3
Aug 2.6 78.7 18.7 -16.1 42.0 42.9 50.7 50
Sep 7.7 74.5 17.8 -10.2 44.9 45.4 50.0
Oct 7.8 77.2 15.0 -7.2 46.4 47.5 50.6
Nov 9.4 73.5 17.1 -7.7 46.1 47.3 51.1 NI Private Sector 40
Dec 5.8 79.1 15.2 -9.4 45.3 46.4 50.8
Output prices continued to decrease during December, extending the 30
current sequence of falling charges to 11 months. Furthermore, the latest 70
decline was solid, and the fastest in three months. The fall in output prices
at Northern Ireland companies contrasted with a slight increase at the UK 60
level. According to panellists, strong competitive pressure was the main Services
reason for the latest decline in output prices. Divergent trends between 50
the four monitored sectors were By sector Manufacturing
registered in December. Sharp Construction Manuf- Services 40
reductions in charges were seen acturing Construction
in services and construction, while ‘12 Oct 36.8 50.8 43.5 30
manufacturing and retail increased
Nov 37.7 49.0 44.9
their output prices slightly. 20
Dec 38.1 50.2 43.9 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
3
4. 14 January 2013
New Export Business* Is the level of new export business at your company higher, the same or lower this month than one month ago?
50 = no change on previous month (seasonally adjusted)
Northern Ireland Companies 65
Increasing rate of growth
Higher Same Lower Net Index S.Adj'd 60
% % % +/- 50=no chg Index
55
2012 Jul 15.0 54.7 30.4 -15.4 42.3 43.4 50
Aug 12.8 60.8 26.4 -13.7 43.2 44.3
Sep 12.3 64.1 23.6 -11.3 44.4 43.1 45
Oct 13.2 53.0 33.9 -20.7 39.7 39.5 40
Nov 18.1 38.1 43.9 -25.8 37.1 38.1
35
Dec 17.9 52.6 29.5 -11.7 44.2 45.1
Although new export orders at Northern Ireland companies decreased solidly again 30
in December, the rate of contraction slowed markedly and was the weakest since 25
January. Around 30% of respondents noted a decline in new business from abroad, 20
Increasing rate of decline
against 18% that posted an increase. 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Regional Comparisons: Output / Business Activity
The graph below shows the regional PMI Output Indexes for the UK. An average of the latest Share of UK PMI Output Index
three months is used (see also the table to the right). The vast majority of UK regions were GVA, 2010 Last 12 Latest 3 Latest
close to stagnation on average in the final quarter of 2012. Wales was the main part of the (National Statistics) months months month
UK to outperform, posting a solid expansion. In contrast, Northern Ireland registered a further London (21.5%) 53.4 50.4 50.3
steep contraction. Meanwhile, the Republic of Ireland posted a solid increase in activity. South East (14.7%) 52.1 50.6 49.1
North West (9.5%) 51.4 50.4 47.9
50 = no change on previous month (3-month ave.)
54 East of England (8.7%) 51.7 50.3 50.8
Scotland (8.3%) 51.4 50.7 51.2
52
South West (7.7%) 50.4 49.3 50.4
50 West Midlands (7.3%) 53.9 50.1 51.8
Yorks & Humber (7.0%) 52.5 51.0 52.5
48
East Midlands (6.4%) 52.5 49.4 48.6
46 Wales (3.6%) 51.3 53.1 52.0
44 North East (3.2%) 49.0 50.0 49.9
N.Ireland (2.2%) 43.6 42.3 44.8
42 UK (100.0%) 51.9 49.9 49.9
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Rep. of Ireland n/a 51.1 53.6 52.9
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Regional Comparisons: Employment
The graph below shows the regional PMI Employment Indexes for the UK. An average Contribution to UK PMI Employment Index
of the latest three months is used (see also the table to the right). Eight of the twelve UK Employment, 2008 Last 12 Latest 3 Latest
regions posted lower staffing levels on average during Q4 2012, but the rates of decline (National Statistics) months months month
were generally only modest. Of the regions to register higher employment in the three South East (14.6%) 51.1 50.8 51.3
months to December, the fastest rise was in the East Midlands. The Republic of Ireland London (12.3%) 49.2 48.1 48.5
posted employment growth over the three-month period.
North West (10.9%) 48.8 48.1 47.9
50 = no change on previous month (3-month ave.)
54 East of England (9.6%) 50.9 49.8 50.2
Scotland (8.7%) 51.0 50.3 50.6
South West (8.6%) 50.2 49.8 49.7
52
West Midlands (8.6%) 52.2 49.9 49.3
Yorks & Humber (8.2%) 51.3 51.3 51.8
50
East Midlands (7.3%) 53.3 51.8 52.2
Wales (4.6%) 49.6 49.8 50.9
48 North East (3.9%) 49.2 48.3 48.4
N.Ireland (2.7%) 47.0 46.8 48.2
46 UK (100.0%) 50.5 49.4 49.8
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Rep. of Ireland n/a 50.3 52.2 52.2
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PMI® Survey Methodology
Purchasing Managers’ Indexes® (or PMIs®) are monthly surveys of carefully seasonally adjusted to take into consideration expected variations for the time of
selected companies which provide an advance indication of what is happening year, such as summer shutdowns and national holidays.
in the private sector economy by tracking variables such as output, new orders, Sector data published in the Ulster Bank Northern Ireland PMI report are intended
employment and prices across both manufacturing and service sectors. to give a indication of underlying trends in the manufacturing, services and
Index numbers are calculated from the percentages of respondents reporting an construction industries within the Northern Ireland private sector economy. Data
improvement, no change or decline on the previous month. These indices vary at the sector level are more volatile than the headline total private sector economy
between 0 and 100 with readings of exactly 50.0 signalling no change on the figures, and month-on-month movements in the sector data should therefore be
previous month. Readings above 50.0 signal an increase or improvement; readings treated with a degree of caution.
below 50.0 signal a decline or deterioration. The greater the divergence from 50.0,
the greater the rate of change (expansion or contraction) signalled. The indices are *Exports are defined as sales outside of the United Kingdom.
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Disclaimer
The Northern Ireland PMI® is issued exclusively for the general information of care has been taken in the preparation of this publication, no representation
clients, contacts and staff of Ulster Bank. The contents are not a substitute for or warranty is made or given in respect of its contents and no responsibility is
specific advice and should not be relied upon as such. Accordingly, whilst every accepted for the consequences of any reliance placed on it by any person.
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