Ulster Bank’s latest PMI report indicates the Northern Ireland private sector has contracted further.

Author

Yolande Hanna

Send Yolande an Email

Ulster Bank’s latest PMI report indicates the Northern Ireland private sector has contracted further.

Tax Credits Stephen Kelly Manufacturing NI

It appears that ongoing uncertainty caused by Brexit has contributed to business sentiment dropping to a record low, posting 43.6 on the Business Activity Index.

Manufacturing appears to have been hit hard with a decline in new orders, ongoing reductions in backlogs of work and a reduction in employment levels. This is further proof that current political uncertainty and the global economic malaise is making life difficult for stalwart Northern Ireland manufacturers.

Now more than ever, it is essential to look at your business thoroughly for ways to boost income streams, such as through HMRC’s R&D tax credit initiatives. We would urge all manufacturers to reach out to a specialist advisor such as Momentum to provide expert support in this regard.

Learn more about how Northern Ireland firms are “finally waking up” to R&D tax relief schemes.

Access proactive business development support

Momentum Group’s expert team wants to help you to grow your business.

Fill out the form below to stay up to date with the latest R&D business insights, opinion and news.

By submitting your email address, you agree to receive updates from Momentum Group in accordance with our Privacy Policy. Unsubscribe at any time.