Irish and eurozone trade weakening further

Ireland is still expected to turn a record trade surplus this year, despite latest preliminary data from the CSO showing export performance beginning to wane even before last month’s Brexit vote writes Geoff Percival.

Ending a week during which it was criticised and ridiculed for heavily-skewed GDP revisions, the CSO yesterday published seasonally-adjusted trade figures for May; showing a 1% — or €99m — month-on-month decline in Irish export value to just shy of €9.2bn.