NI Composite Economic Index Q3 2020

Date published: 14 January 2021

The Northern Ireland Composite Economic Index (NICEI) is an experimental quarterly measure of the performance of the NI economy based on available official statistics.

Latest results - published 14th January 2021:

  • The NICEI indicates that economic output increased by 15.5% over the quarter to September 2020.  Meanwhile economic output in the year to September 2020 decreased by 2.9% in real terms compared to the same period in the previous year.
  • UK GDP increased at a slightly higher rate over the quarter (16.0 %) but declined at a higher rate over the year (8.6%) to Q3 2020.
  • Private sector output increased over the quarter (21.4%) but decreased over the year (3.8%) to September 2020. The Public Sector jobs index decreased over the quarter (0.4%) but increased over the year (0.5%).
  • Full report and tables can be accessed by going to the NI Compositie Economic Index page.

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