Market Commentary and Intraday News

Irish Trade Surplus Rises In April

339 days ago

(RTTNews) - Ireland's merchandise trade surplus increased from the previous month in April, as the country's imports declined sharply, preliminary data released by the Central Statistical Office showed Monday.

The seasonally adjusted trade surplus advanced to EUR3.43 billion in April from EUR3.11 billion in March. In February, the trade balance was a surplus of EUR3.62 billion.

Export of goods decreased a seasonally adjusted 9 percent month-on-month to EUR6.99 billion in April, hitting the lowest value since March 2010.

The value of imports fell 23 percent sequentially to EUR3.56 billion during the month, which was the lowest figure since November 2010. Compared to April 211, total arrivals plunged 33 percent in April, data showed.

In the four months ended April, the value of exports and imports were EUR30.70 billion and EUR17 billion respectively. The trade balance was a surplus of EUR13.7 billion during the four-month period.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2012 RTTNews.com. All Rights Reserved

View all of today's news »