29 May 2009

CSO says: Export and Import Levels are falling

Preliminary figures show that goods to the value of € 7.28 billion were exported from Ireland in March of this year. This is a 6% drop from February.

The Central Statistics Office (CSO) in Dublin states that imports into Ireland were unchanged at a value of € 4.14 billion. The figures are adjusted to take seasonal variations into account.

Detailed figures for the first two months of 2009 show that imports slumped by 25% to the value of € 10.7 billion, as spending power in the Irish economy weakened, with imports of road vehicles plummeting by 74%.

Imports of computer equipment were down 34%, while imports of all types of machinery were "down sharply".

There was a 4% fall in exports in the first two months of 2009, compared with the same period last year, to the value of € 13.9 billion, with electrical machinery down 40% and computer equipment down 29%.

Exports to China were down 24% in the first two months of this year, while exports to Britain fell by 6%. But exports to the USA were 6% higher than in the same period of last year.

Huge Increase in Working Days lost

Official figures also show a sharp increase in the number of days lost to industrial disputes in the first three months of this year.
The CSO says that 11,327 working days were lost in that period, compared with only 1,477 days in the same period of last year.
However, these figures come from only three industrial disputes, and the main factor was a one-day strike by civil servants over the pension levy in February.

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