NI Composite Economic Index Q1 2020

Date published: 16 July 2020

Site topics: Business, economy and trade, Economic Output, NI Composite Economic Index

The NICEI is an experimental quarterly measure of the performance of the NI economy based on available official statistics.

Headline results

The NICEI results indicate that NI economic activity decreased by 2.8% in real terms over the quarter and by 3.2% over the year to Quarter 1 2020.
UK GDP fell by 2.2% over the quarter and 1.7% over the year to Q1 2020.
Private sector output decreased over the quarter (3.5%) and over the year (4.5%) to March 2020. Over the same period, the Public sector jobs index decreased by 0.2% over the quarter but increased by 1.1% over the year.
The statistical bulletin and associated tables are available on the NI Composite Economic Index - July 2020 page