Northern Ireland Composite Economic Index Quarter 2 2013 results: notice of postponement
Publication of the NI Composite Economic Index (NICEI) for the period Quarter 2 2013 has been postponed. A new publication date will be preannounced in due course via the DETI website.
The delay is caused by the need to incorporate methodological changes to one of the key input series (the Index of Services) to the NICEI as these changes will likely have an impact on the NICEI back series. In addition, the ONS are due to publish the 2012 data for Regional Gross Value Added in mid December 2013. A delay in the NICEI until after these figures are available will also provide an opportunity for NISRA to include this regular revision to the weights which assign the relative importance of different industries within the NICEI, to Q2 results.
Users should note that the NICEI is an experimental series and therefore subject to ongoing methodological developments of this nature.
Publication of new Composite Economic Index results for Northern Ireland Q1 2013
Results from the third publication of the experimental Composite Economic Index covering the whole Northern Ireland economy were released by NISRA on Wednesday 17th July 2013. The index has been developed using data from existing quarterly indices of output from the Production, Services and Construction sectors using results published on 17th July. These sources have been combined (on the basis of industry share of Gross Value Added) with Agricultural output data and employee jobs data for the Public sector to provide a seasonally adjusted and deflated measure of change in economic activity.
The Statistical Bulletin and Press Release can be accessed below along with a Methodology Paper containing results from the first publication relating to Q3 2012 published in January 2013:
Please note that a correction has been made to the NICEI tables & charts Q1 2013 document. This document was first published at 9.30am on Wednesday 17th July but an error was subsequently indentified whereby incorrect data was used as input for the ROI GDP comparison. The original data entered was not seasonally adjusted, this was due to human error. This error has now been corrected and the comparison with ROI GDP is now based on seasonally adjusted data. This was republished at 4.00pm on the 25th July.
NISRA seeks to minimise the need for corrections in its statistical publications. However, where material errors are detected, it undertakes to issue corrections promptly, to alert stakeholders and to provide explanations.