Brexit fallout hits Irish exports for €1.15bn

The value of goods exported by Irish businesses fell by €1.15bn in July from June as the effects of Brexit began to be felt across the Irish Sea.

Exports decreased by 11.5% to €8.92bn on a seasonally adjusted basis in July, with analysts pointing to the impact of Brexit for weaker than expected trade data released by the CSO yesterday.

While the initial impact of Brexit has been largely contained, economic confidence has taken a hit as businesses and consumers assess the likely outcome on their personal positions.