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Latest Results (Quarter 4 2020) - Published 18th March 2021
- Services output in NI saw a quarterly decrease of 5.0% in Quarter 4 2020 and a decrease of 6.6% over the year.
- UK IOS output experienced a small increase of 0.6% over the quarter and a decrease of 7.3% over the year.
- When the most recent four quarters are compared to the previous four quarters the NI services sector decreased by 9.4% while the UK services sector decreased by 8.9%.
- NI services output is 10.4% lower than the highest point (Quarter 2 2019) in the past ten years, and 11.7% lower than the highest point (Quarter 4 2006) since the series began.
- NI services output is 15.4% higher than the lowest point (Quarter 2 2020) since the series began.
- The annual decrease to Quarter 4 2020 was the fifth successive annual decrease in the NI series. This followed seven successive quarters of annual growth in the NI index between Quarter 1 2018 and Quarter 3 2019.
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