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NI Economy: Services grow while manufacturing slows

Within manufacturing, there were differences between subsectors with quarterly growth in food and pharmaceuticals.

The largest subsector, engineering and allied industries, saw output continue to decline and is now back to a level seen in the middle of 2022.

In July, one of NI’s biggest engineering employers, Terex, said it was planning to cut around 100 jobs.

It said an “extraordinary surge in demand” for its products in the aftermath of the coronavirus pandemic had now “stabilised”.

Manufacturing has also suffered from the impact of energy prices and global supply chain disruptions.


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