Irish goods exports rose 8% in year to May; Minister lauds “remarkable achievement” of US-owned firms; Claims “strong vindication of the Government’s work”
Jul 23rd, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
In year to May, seasonally adjusted Irish goods exports rose 8% while imports decreased by 14%, leading to an increase in the trade surplus of 41% to €4.62bn, according to the Central Statistics Office. The Minister of Sate for Commerce lauded the "remarkable achievement" of US-owned firms and said it was a "strong vindication of the Government’s work." On an unadjusted basis, the value of exports in May 2010 were up by 6% compared with May 2009, while imports fell by 9%.