Tag: fall

NI production and services output in ‘biggest fall since 2005’

Image copyright Reuters Image caption Many businesses effectively had to close overnight due to coronavirus Between April and July this year, two parts of the Northern Ireland economy saw their biggest fall since 2005. Official figures show services – the largest sector of the NI economy – reported an almost 18% fall in output. The decrease was caused by declines… Read more →

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Coronavirus: Business picks up in NI but employment levels fall

Image copyright Reuters Image caption Retail, manufacturing and construction have reported a strong rebound in growth Business activity in NI picked up last month, signalling economic recovery, but employment levels are continuing to fall, an Ulster Bank survey suggests. Every month, the bank conducts a survey of a representative sample of firms. It is considered a reliable indicator of economic… Read more →

Coronavirus: Nissan shares fall 10% after record loss warning

Image copyright Getty Images Nissan’s shares have plunged by 10% in Tokyo trading after warning that it would see a record annual loss. Japan’s second largest carmaker said it expects a $4.5bn (£3.5bn) operating loss this year as the coronavirus hinders its turnaround efforts. The worse-than-expected forecast came as the company predicted its sales will be the lowest in a… Read more →

UK workers on payrolls fall by 612,000

Image copyright Getty Images The number of workers on UK payrolls dived more than 600,000 between March and May, official figures suggest. The Office for National Statistics (ONS) said the number of job vacancies in May had also fallen to a record low. The figures reflect the impact of around six weeks of lockdown in the UK, in which almost… Read more →

House prices see largest monthly fall for 11 years, says Nationwide

Image copyright Getty Images House prices fell 1.7% in May from the previous month, the largest monthly fall for 11 years, according to the Nationwide. Annual house price growth halved from 3.7% to 1.8%, as the coronavirus crisis hit market activity. The latest HMRC data showed that residential property transactions fell 53% in April compared with 2019. “The medium-term outlook… Read more →

Coronavirus: Gig economy workers ‘fall between cracks’

Media playback is unsupported on your device Media captionThree self-employed people explain the difficulty of trying to make ends meet during lockdown People in the gig economy are being “forced into destitution” due to substandard support, a union has said. An estimated five million people in the UK are freelancers or on short-term contracts. The Independent Workers Union of Great… Read more →