Arab Today, arab today ireland\s exports contract by 2 in q2
Last Updated : GMT 02:26:33
Arab Today, arab today
Arab Today, arab today

Ireland\'s exports contract by 2% in Q2

Arab Today, arab today

Arab Today, arab today Ireland\'s exports contract by 2% in Q2

Dublin - XINHUA

Ireland\'s exports contracted by 2 percent in the second quarter of the year, pulling the first half of the year\'s exports down by 1.7 billion euros, according to industry figures on Thursday. The Irish Exporters Association (IEA) said the contraction brought the value of exports for the six months of the year to 88.6 billion euros, a massive drop on the same period of last year. The merchandise sector took the main brunt of the fall in export demand, and contracted by 2.9 billion euros or 6.4 percent, mainly due to the loss in the value of pharmaceutical exports associated with the end of their patent protection on a range of block buster drugs manufactured in Ireland However, amid the general fall in manufacturing exports, the agri-food and drinks sector continued on its growth path and increased export sales by a strong 8 percent. Services exports managed to grow by just under 3 percent in the first six months of the year, which was a sharp contraction from the 9 percent growth last year. IEA Chief Executive John Whelan attributed the contractions to the failure of the European economies to emerge from the recession of recent years. \"The first six months of the year have been more difficult than expected, with a heavier than expected fall in merchandise exports and an unexpected slowdown in our services exports,\" he said. \"Both sectors were heavily affected by the failure of the European economies to emerge from the recession of recent years. The EU is where we sell 57 percent of our agri-food and manufactured goods and also where we sell 64 percent of our services. Failure of the EU economies will always create major problems for our exporters,\" he added. The IEA projects a contraction in exports of 1.6 percent for the full year 2013, which assumes a return to some growth in the Eurozone economies in the second half of 2013. This is less than the forecast growth for 2013 (IEA prior forecast was 3.3 percent growth) and is driven to a large extent by appreciably weaker demand in the key export markets of the EU and US, and the lack of any extensive expansion of exports to the fast growing emerging markets particularly in Asia and Africa.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ireland\s exports contract by 2 in q2 Arab Today, arab today ireland\s exports contract by 2 in q2

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ireland\s exports contract by 2 in q2 Arab Today, arab today ireland\s exports contract by 2 in q2

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday