Belfast Telegraph

Northern Ireland business added £20bn to economy

By John Mulgrew

Businesses in Northern Ireland generated more than £20bn for the economy last year for the first time, fresh figures have shown.

The total level of GVA, which includes the revenue created by businesses here, rose by 1.8% in 2015, based on the period a year earlier. Turnover for Northern Ireland businesses increased by 0.7% between 2014 and 2015 to £66.7bn, while the cost of purchases of goods, services and energy declined by 0.8% to £43.4bn.

Employment levels also increased by 2.3% in 2015, according to the figures from the Northern Ireland Statistics and Research Agency. Overall, growth was driven by increases in construction and services sectors.

Employment in the manufacturing section showed continued growth of 3.9% between 2014 and 2015.

And following five consecutive years of decline between 2008 and 2013, the construction sector showed growth in 2014.

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