Published Monday, 14 October 2013
Growth has been recorded in each of the past three months while overall business activity reached its highest level in over years in September.
The data came from the Ulster Bank's Purchasing Managers Index (PMI), which provides a bench-marked, monthly analysis of economic activity in Northern Ireland.
"As far as the latest PMI is concerned, NI companies appear to be experiencing something of an Indian summer, with the pace of business activity accelerating for the third successive month in September," said Richard Ramsey, economist for Ulster Bank.
"The rate at which new business is coming in is also still growing, however not as strongly as it was, due to an easing of new orders in the services sector.
"In terms of employment, a significant slowdown in the rate of job creation within the services and manufacturing industries was largely offset by a pick-up in employment growth within construction and retail. It was the first month in the series history that all four sectors simultaneously recorded employment growth."
He added that construction, which was hit hard during the recession, is also recovering.
"According to the official quarterly output and employment surveys, NI's construction industry was the first sector to enter recession and remains the last to exit," he said.
"However, the PMI survey, which has been a reliable indicator of the local construction industry's performance to date, suggests that the sector has finally boarded the recovery train."
But Mr Ramsey also warned that inflation pressures are having an impact on costs.
"Overall, the Ulster Bank Northern Ireland PMI for September is a positive one," he said.
"However, it is not an entirely rosy picture as inflation pressures picked up, with the survey recording the fastest rate of growth in input cost inflation since April 2012.
"Increased salary payments were quoted as one source of this inflationary pressure, and as the recovery takes hold, this trend is likely to continue."
© UTV News