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Latest Results (Quarter 1 2020) - Published 18th June 2020
Headline Results
- Services output in NI saw a quarterly decrease of 4.2% in Quarter 1 2020, and a decrease of 4.8% over the year.
- UK IOS output decreased over both the quarter (1.9%) and the year (0.9%).
- When the most recent four quarters are compared to the previous four quarters the NI services sectors decreased by 1.1% whilst the UK services sector increased by 1.0%.
- NI services output is 5.4% lower than the highest point in the past ten years (Quarter 2 2019), and is 6.7% lower than the highest point since the series began (Quarter 4 2006). Services output in NI has recovered by 6.0% from the series low point in Quarter 2 2013.
- The quarterly decrease to Q1 2020 is the largest quarterly change in the history of the IOS (since Q1 2005) and the index is at its lowest point since Q1 2016.
- This release captures the first direct effects of the coronavirus (COVID-19) pandemic on the NI economy. The first government advice on social distancing was published on 12 March 2020, before a formal “lockdown” was announced on 23 March 2020. As this release covers the period January - March 2020, the impact of the Covid-19 pandemic on the economy is only partially reflected in these estimates.
Current publication and tables
Index of Services Q1 2020 statistical bulletin and data tables
Historical bulletins
Index of Services - historical statistical bulletins
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