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Price pressures for NI manufacturers amid rising confidence - report

Storm Rannard More than half of Northern Irish manufactures are expecting to raise prices over the next quarter, although confidence in turnover and profitability is improving, a new report has claimed. The latest NI Chamber and BDO Quarterly Economic Survey said 53 per cent of forms will put prices up due to pressure. However, it added business confidence indicators are positive in both the manufacturing and service sectors. Two in five businesses (41 per cent) reported difficulties in adapting to new trading arrangements for their business/supply chains, with 14 per cent finding them very difficult. Two in three members (68 per cent) believe Northern Ireland’s status post EU Exit presents opportunities for the region, and 47 per cent  believe the new trading status will present opportunities for their own business going forward.

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