NI Composite Economic Index: Q4-2016

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

• The Northern Ireland Composite Economic Index (NICEI) results show that NI economic activity was estimated to have grown by 2.1% from Quarter 3 (July – September) 2016 to Quarter 4 (October –December) 2016.
• The index also increased by 2.9% in real terms between Quarter 4 2015 and Quarter 4 2016.
• Over the last two years annual output (averaged over the four quarters to Quarter 4 2016 compared to the previous four quarters) increased by 1.6%.
• Although the measures are not produced on a fully equivalent basis, comparisons with the UK over the same period show that the NICEI grew at a slower rate (1.6%) compared to UK GDP1 growth (1.8%). In the UK quarterly growth (0.7%) was below that recorded for NI (2.1%).

Full details available here.

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