The NICEI is an experimental quarterly measure of the performance of the NI economy based on available official statistics.
- The NICEI indicates that economic output decreased by 1.4% over the quarter to December 2020. Meanwhile economic output decreased by 2.8% in real terms compared to the same period in the previous year i.e. Quarter 4 2019.
- UK GDP experienced positive growth over the quarter (increasing by 1.3%) and a comparatively larger decline over the year (7.3%) to Q4 2020.
- Private Sector output as measured by the NICEI decreased over the quarter (2.0%) and over the year (3.7%). Meanwhile, the NICEI Public Sector index increased over the quarter (0.3%) and over the year (0.3%).
For the full report, factsheet, press release and tables please see the NI Composite Economic Index page.