Danske Bank has slightly lowered its Northern Ireland economic growth forecasts, and now expects the local economy to grow by 0.8 per cent in 2019 and by 0.9 per cent in 2020. That is down from the Bank’s previous forecasts, delivered in October, that growth would hit 0.9 per cent in 2019 and 1.0 per cent in 2020. In its …
Strong Labour Market Triggers Rise In Consumer Confidence
Consumer confidence in Northern Ireland increased in the first quarter of 2019 mainly due to the strong performance of the labour market, according to analysis published today by Danske Bank. The Danske Bank Northern Ireland Consumer Confidence Index rose to 139 in Q1 2019, up from 127 in the fourth quarter of last year but below the 142 registered in …
Consumer Confidence In NI Increased At End Of 2018, But Major Worries Persist
Consumer confidence in Northern Ireland surprisingly increased in the final quarter of 2018 despite concerns around the local political impasse and Brexit continuing to weigh on people’s minds, according to analysis published today by Danske Bank. The Danske Bank Northern Ireland Consumer Confidence Index rose to 127, up from 123 in the third quarter and 123 at the end of …
Northern Ireland Economy To Continue To Grow Modestly In 2019
Danske Bank has today forecast that the Northern Ireland economy grew by 1.1 per cent in 2018 and is set to grow by 1.2 per cent in 2019, a slight upward revision from the Bank’s previous forecasts of 1 per cent and 1.1 per cent respectively. In the Bank’s latest Northern Ireland Quarterly Sectoral Forecasts report, published today, Danske Bank …
Challenge The Ecosystem To Drive NI’s Productivity
Northern Ireland’s low productivity could see significant improvement if education is aligned more closely with the jobs being created and some business incentives are linked to jobs with long-term economic value, according to a new report by Deloitte. The Power Up Report is a UK-wide Deloitte report focused on how to improve productivity in the economy, which incorporates views and …
Sharp Fall In Northern Ireland Consumer Confidence
Consumer confidence in Northern Ireland fell sharply in the second quarter of 2018, according to analysis published today by Danske Bank. The Danske Bank Northern Ireland Consumer Confidence Index fell back to 131, down from 142 in the first quarter of the year and 139 a year ago. Commenting on the latest figures, Danske Bank Chief Economist Conor Lambe said: …
Northern Ireland Economy Set For Underwhelming Growth In 2018 And 2019
A slow start to the year and heightened uncertainty surrounding Brexit mean economic growth is likely to remain subdued, according to a new report from Danske Bank. In the Bank’s latest Northern Ireland Quarterly Sectoral Forecasts report, published today, Danske Bank is forecasting that the Northern Ireland economy will grow by 0.9 per cent in 2018 and 1.1 per cent …
Consumer Confidence Rebounds At The Beginning Of 2018
Consumer confidence in Northern Ireland bounced back strongly at the start of the year, according to analysis published today by Danske Bank. The Danske Bank Northern Ireland Consumer Confidence Index registered a reading of 142 in the first quarter of 2018. This represented a significant increase compared with the final quarter of 2017 when the index stood at 123. It …
Economic Growth To Remain Modest In 2018
2018 is set to be a year of modest economic growth as consumers still face some pressure on their purchasing power and Brexit uncertainty continues to weigh on business investment, according to a new report by Danske Bank. The Northern Ireland Quarterly Sectoral Forecasts report, published today by Danske Bank, estimates that the Northern Ireland economy will grow by 1.0 …
Demand For High Quality Space Boosts Belfast Office Market
Office market activity in Belfast finished 2017 in a strong position with take-up levels reaching 430,290 sq ft – 11 per cent above the five year average – despite a slow start to the year, according to Lambert Smith Hampton’s Ireland Office Market Report 2018. Occupier demand for high quality space increased in H2 2017 with grade A stock accounting …