11/12/2013

NI Businesses Generate £18.4bn

Income generated by businesses in Northern Ireland in 2012 is estimated to total £18.4bn.

The figure was released today in the 2012 Northern Ireland Annual Business Inquiry (NIABI), published by the Northern Ireland Statistics and Research Agency (NISRA).

Business turnover increased for the second consecutive year, growing by 0.7% to £61.9bn in 2012. This was a change on the previous two years, which had seen a decline in turnover.

The value of purchases of goods and services has fallen by 1.2% year-on-year to £39.8bn.

Manufacturing Gross Added Value (aGVA) grew by 3.0% in 2012 to £4.1bn, following a fall of 7.4% in aGVA the previous year.

Approximate aGVA in the construction sector has declined for the fourth consecutive year and by 4.3% to £1.7bn in 2012.

The marginal increase in business turnover is seen to be an indicator that total sales by businesses in Northern Ireland were flat in 2012.

Recent falls in unemployment were only evident from the start of 2013.

(IT/CD)

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