Activity in the Northern Ireland economy has contracted at the fastest rate in nearly two years on the back of rising costs and waning consumer confidence.
That is according to the latest PMI report from Ulster Bank which revealed the sixth consecutive contraction for the province’s private sector, as well as a decline for the other 11 regions of the UK.
All four sectors of the economy reported a slump in activity and respondents to the survey said they expected further decline over the next year.
