Business Irish

Sunday 25 June 2017

Exports on way back to pre-crash days: report

Donal O'Donovan

Donal O'Donovan

SURGING exports by Irish-owned business failed to translate into jobs growth last year, but there are signs the trend is turning in 2011.

Enterprise Ireland's annual report for 2010 showed that Irish companies had €14bn of exports in 2010, including €1.95bn of new sales.

Exports from Irish companies grew by 9pc overall, with the food sector making the largest gains of 11pc, bringing in €7.689bn.

Gains

Speaking at the launch of the report, Enterprise Ireland chief executive Frank Ryan said exports would be above pre-recession levels by the year's end. The most recent data for companies backed by Enterprise Ireland showed net gains in the numbers at work over the first five months of 2011, Mr Ryan said.

In 2010, the number of people working in domestic Irish companies fell by more than 5,000, despite the record rise in exports.

Irish Independent

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