Saturday 16 December 2017

Summer exports soar

trade surplus

IRELAND's crucial export sector enjoyed a boost in May. The trade in good surplus hit its highest level in more than a year as exports increased 15pc to €7.9bn, its highest since March last year.

Importantly, exports in the volatile chemical and pharmaceutical products sectors also rose, reflecting strong industrial production readings.

Analysts predicted the "bounce back" in export performance will continue and that the manufacturing sector will contribute to economic growth this year for the first time since 2011.

"The trade data for May provides further evidence that the export sector is joining in the Irish economic recovery and will contribute to GDP growth in 2014," said Davy's Conall MacCoille.

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