Northern Ireland's private sector continued to shrink in January but there were some signs of optimism, an UlsterBank survey suggests
Output from Northern Ireland's private sector continued to shrink in January but there were tentative signs of optimism.The monthly survey of about 200 firms is considered a reliable indicator of the health of the private sector economy.Official figures suggest thatThe January survey recorded falling output in manufacturing, construction and services.
Some businesses also appear to be growing in optimism about the year ahead after what Mr Ramsey called the "extreme pessimism" seen in 2022. On Friday, official figures suggested the UK as a whole narrowly avoided falling into recession in 2022 after the economy saw zero growth between October and December.
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