Ireland Trade Surplus Widens In September

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Thursday, Ireland's Central Statistical Office announced that the seasonally adjusted trade surplus stood at EUR 3.74 billion in September, up from EUR 2.95 billion in the previous month.

Exports increased 11% month-on-month to EUR 7.23 billion in September, while imports fell 2% to EUR 3.49 billion.

"Although the volume of merchandise exports could be down 6% or more for the year as whole, it would still be a very good performance all things considered," Alan McQuaid, economist at Bloxham said. "The bottom line is that exports will be the main driver of the Irish economic recovery when it comes, and we wouldn't be surprised to see a positive volume increase in 2010 as global demand rises."

On an unadjusted basis, exports value remained unchanged in September compared to the previous year, while imports value fell 26%. The trade surplus was up 43% to EUR 4 billion from EUR 1.208 billion a year ago.

Thursday, Ireland's Central Statistical Office announced that the seasonally adjusted trade surplus stood at EUR 3.74 billion in September, up from EUR 2.95 billion in the previous month. (Market News Provided by RTTNews)