NI Composite Economic Index Q1 2020

Date published: 16 July 2020

Site topics: Business, economy and trade,  Economic Output,  NI Composite Economic Index

The NICEI is an experimental quarterly measure of the performance of the NI economy based on available official statistics.

Headline results

• The NICEI results indicate that NI economic activity decreased by 2.8% in real terms over the quarter and by 3.2% over the year to Quarter 1 2020.
• UK GDP fell by 2.2% over the quarter and 1.7% over the year to Q1 2020.
• Private sector output decreased over the quarter (3.5%) and over the year (4.5%) to March 2020. Over the same period, the Public sector jobs index decreased by 0.2% over the quarter but increased by 1.1% over the year.
• The statistical bulletin and associated tables are available on the NI Composite Economic Index - July 2020 page