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Record trade surplus posted in November – CSO

NEW FIGURES show a record trade surplus of just over €4.3bn for November last.

Seasonally adjusted exports increased 5pc compared with October to just over €8bn, the Central Statistics Office said today.

Imports fell by 6pc to €3.7bn in the same period.

Compared with last year, November exports were 9pc higher.

Figures for the first ten months of 2011 show a 4pc growth in exports to just under €77bn.

Last month the Irish Exporters Association reported an increase in full-year 2011 exports but warned of sluggish growth for 2012.

According to Davy Stockbrokers, while there is little evidence yet of the impact on the slowdown in the euro area on Irish exports, we need to wait until national accounts data is published, including trade in services, to see the effects.