Monday 16 December 2019

Exports of goods in 1.3pc rise

Goods exports in September were worth 8pc more than in the same month last year
Goods exports in September were worth 8pc more than in the same month last year
Gavin McLoughlin

Gavin McLoughlin

Goods exports in the first nine months of the year were worth 1.3pc more than in the first nine months of last year, according to figures released yesterday.

Goods exports in September were worth 8pc more than in the same month last year, fuelled by a 22pc rise in the value of chemical and pharmaceutical exports.

September's figure was down 4pc on August, but Investec chief economist Philip O'Sullivan stressed that monthly data is volatile.

Most categories actually saw growth in exports on a year-on-year basis for the first nine months of the year, so it's a pretty broad improvement," Mr O'Sullivan said.

"The weakening of the euro against the dollar and sterling I think is a big help for a lot of Irish firms," he added.

Irish Independent

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