Value of exports down slightly

The value of goods exports was down marginally by 0.2% year-on-year in May, despite a month-on-month increase of 6.9%, it has been revealed.

Exports are up in volume terms in Q2, however. The majority of Irish goods exports are priced in dollars because manufacturing industry is dominated by US-owned firms. Due to dollar weakness, export prices were down about 4-5% y-o-y in April-May.