Foster comments on latest production output figures
Stormont Executive press release - Department of Enterprise, Trade and Investment
Figures released today for the second quarter 2013 show that output in the Northern Ireland production sector showed no change over the period.
This compared to an increase of 0.7% for the UK as a whole. The NI index fell by 0.3% in Q2 2013 compared to the same period one year earlier. However, output from the NI Manufacturing sector increased by 1.1% over the quarter and by 0.2% over the year in real terms.
Commenting on the figures, Enterprise, Trade and Investment Minister Arlene Foster said: “Although the overall Index of Production showed no change in output over the second quarter in 2013, I am encouraged by the reported growth in real terms in the manufacturing sector over both the quarter and the year.
“While these figures relate to the second quarter of 2013, the growth in manufacturing output corresponds well with other positive indicators of recovery. Unemployment is falling, there is evidence of job growth and house prices have started to increase.
“We know, however, that growth can be uneven and that figures released recently show that construction output continued to fall in the second quarter of 2013. There are therefore no grounds for complacency."
Referring to the ongoing work to develop trade and investment opportunities, Arlene Foster continued: “The recent successful international investment conference has highlighted how Northern Ireland is a strategic investment location of choice for international investors in key growth sectors.
“Last week the First Minister and deputy First Minister visited the US to meet both existing and potential investors. By promoting Northern Ireland as a cost effective location and by raising awareness of our high quality skilled workforce we can encourage new companies not just to invest here but to continue to re-invest and expand.
“New foreign investment and export opportunities will provide quality jobs and opportunities for local people, contributing to the growth of our local economy. That remains our goal.”
Further information on the latest index of production figures is available in the Index of Production Press Release (see http://www.detini.gov.uk/deti-stats-index/stats-surveys/stats-index-of-production.htm ) and from the Northern Ireland Executive website (http://www.northernireland.gov.uk/index/media-centre.htm). Statistics relating to unemployment and employee jobs is available at http://www.detini.gov.uk/deti-stats-index.htm.
Statistics on the Residential Property Price Index are available at http://www.nisra.gov.uk/HousePriceIndex/hpi.html; Construction figures are published athttp://www.csu.nisra.gov.uk/survey.asp84.htm.
Belfast Telegraph Digital