Financial News: Ireland Trade Surplus Shrinks In February

Ireland Trade Surplus Shrinks In February

04/16/2024 - 07:16:00 (RTTNews)

(RTTNews) - Ireland's foreign trade surplus decreased in February as imports rose amid a fall in exports, figures from the Central Statistics Office showed on Tuesday.

The seasonally adjusted trade surplus dropped to EUR 7.2 billion in February from EUR 8.4 billion in the previous month.

In the corresponding month last year, the trade balance showed a surplus of EUR 5.3 billion.

Exports logged a monthly decrease of 3.0 percent in February, while imports increased by 7.0 percent.

On an unadjusted basis, exports declined 5.0 percent annually in February, and imports were 10.0 percent lower compared to last year. As a result, the trade surplus increased to EUR 5.9 billion from EUR 5.5 billion last year.

Exports to Great Britain dropped by 5.0 percent annually in February. A 34.0 percent sharp decline in imports was seen due to weak domestic demand for chemicals and related products and mineral fuels, lubricants, and related products.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

German Inflation Steady At 2.2% (04 hr(s), 08 min(s), 56 sec(s) ago)
(RTTNews) - Germany's consumer prices logged a steady pace of increase in April reflecting the ...Full Story»

Eurozone Economic Confidence Weakens In April (05 hr(s), 04 min(s), 56 sec(s) ago)
(RTTNews) - Euro area economic sentiment deteriorated further in April largely reflecting the diff ...Full Story»

Turkey's Economic Confidence Falls To 99.0 (05 hr(s), 20 min(s), 56 sec(s) ago)
(RTTNews) - Turkey's economic sentiment weakened in April from a nine-month high in the previo ...Full Story»

Belgium GDP Growth Stable At 0.3% (06 hr(s), 20 min(s), 56 sec(s) ago)
(RTTNews) - Belgium's economy expanded at a steady rate in the first quarter of 2024, prelimin ...Full Story»

German Companies' Price Expectations Rise Slightly - Ifo (08 hr(s), 12 min(s), 56 sec(s) ago)
(RTTNews) - More companies in Germany plan to raise prices in April and inflation is likely to rem ...Full Story»

Finland Consumers More Gloomy In April, Business Morale Weakens (08 hr(s), 24 min(s), 56 sec(s) ago)
(RTTNews) - Finland's consumers expressed a more pessimistic approach in April, survey figures ...Full Story»

Spain Inflation Rises To 3.3%, Less Than Forecast (09 hr(s), 21 min(s), 56 sec(s) ago)
(RTTNews) - Spain's consumer price inflation rose less than expected in April to the highest l ...Full Story»

Swedish Economy Contracts Further (10 hr(s), 13 min(s), 56 sec(s) ago)
(RTTNews) - Sweden's economy shrank for the fourth consecutive quarter in the three months e ...Full Story»