Weak trade figures provide further evidence of slowdown

Exports of goods fell by an annual 5.5% and imports fell by 6.7% in the first quarter of the year, it has been revealed.

Commenting on the figures, IBEC chief economist, David Croughan said: “The significant fall in exports reflects the severe difficulties faced by manufacturers selling into a weaker global economy with a strong currency; the fall in imports points to slower domestic demand.”