The Northern Ireland economy appears to have pulled itself out of recession thanks to a storming performance by the services sector, according to latest government data.
The province’s largest sector – which accounts for any business which offers a service such technology, financial services, healthcare, hospitality etc – expanded by 1.8% last year and 1% in the last quarter, capping an impressive run which has left it some 6.2% above its pre-pandemic levels.
Given services make up more than half of the Northern Ireland economy, it is expected that the Northern Ireland Composite Economic Index (NICEI) – the overall measure of the economic performance – will reflect growth in the wider the economy when it is released at the end of March.
