Soaring inflation, falling confidence and supply chain disruption will make the next year difficult for the Northern Ireland economy, according to the latest PMI report.
It showed the economic activity remained strong in March but highlighted growing concerns that the ongoing Russian war against Ukraine will pare growth prospects in the coming months.
As well as driving up prices – particularly for energy, grain and other commodities – the conflict has also dented confidence amongst both consumers and businesses and interrupted the supply chain for a range of manufacturing processes.
