NI Composite Economic Index Q3 2020

Date published: 14 January 2021

The NI Composite Economic Index is an experimental quarterly measure of the performance of the NI economy

The Northern Ireland Composite Economic Index (NICEI) is an experimental quarterly measure of the performance of the NI economy based on available official statistics.

Latest results - published 14th January 2021:

• The NICEI indicates that economic output increased by 15.5% over the quarter to September 2020.  Meanwhile economic output in the year to September 2020 decreased by 2.9% in real terms compared to the same period in the previous year.
• UK GDP increased at a slightly higher rate over the quarter (16.0 %) but declined at a higher rate over the year (8.6%) to Q3 2020.
• Private sector output increased over the quarter (21.4%) but decreased over the year (3.8%) to September 2020. The Public Sector jobs index decreased over the quarter (0.4%) but increased over the year (0.5%).
• Full report and tables can be accessed by going to the NI Compositie Economic Index page.