Northern Ireland's economy demonstrated steady progress in the second quarter of 2024, with growth measured at 0.4%, resulting in a 2.3% increase over the past year, according to the latest official figures. The Northern Ireland Composite Economic Index (NICEI) indicates that the private sector was the primary driver of this growth, with output rising 0.5% from April to June, bringing the annual increase for the sector to 3%. This performance is particularly noteworthy given the 0.2% contraction in public sector output during the same period, which is down 0.1% compared to the previous year.
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