Trade surplus narrows by 8%

Falling exports and rising imports caused the country’s trade surplus to narrow by more than €240m, or 8%, in October, according to figures from the CSO.

Exports from Irish firms fell by €192m, or 2%, according to the CSO’s preliminary figures released yesterday, while imports rose by €50m during the month.

Exports totalled €7.56bn for the month while imports rose to just shy of €4.56m, leaving the trade surplus at €2.9bn at the end of October.