Northern Ireland companies reported strong growth in their order books, which boosted confidence last month, according to a survey by Ulster Bank.
Every month the bank asks firms across the private sector about issues such as staffing levels, exports and new orders.
It is considered a reliable indicator of economic performance.
It is considered a reliable indicator of economic performance.
The bank’s chief economist, Richard Ramsey, said optimism was at a 32-month high.
“The biggest surprise in the latest survey was the surge in business confidence,” he said.
“Local firms were their most optimistic about future output levels since May 2021. The positive sentiment was evident across all four sectors.”
Mr Ramsey said the renewed optimism was linked to the launch of new products and higher orders.
“Significantly, the notable improvement in the outlook predates the restoration of Stormont,” he said.
Northern Ireland companies reported strong growth in their order books, which boosted confidence last month, according to a survey by Ulster Bank.
It is considered a reliable indicator of economic performance.
Every month the bank asks firms across the private sector about issues such as staffing levels, exports and new orders.
The bank’s chief economist, Richard Ramsey, said optimism was at a 32-month high.
It is considered a reliable indicator of economic performance.
It is considered a reliable indicator of economic performance.
The bank’s chief economist, Richard Ramsey, said optimism was at a 32-month high.
“The biggest surprise in the latest survey was the surge in business confidence,” he said.
“Local firms were their most optimistic about future output levels since May 2021. The positive sentiment was evident across all four sectors.”
Mr Ramsey said the renewed optimism was linked to the launch of new products and higher orders.
“Significantly, the notable improvement in the outlook predates the restoration of Stormont,” he said.
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