Decrease in Exports Highlights Need to Focus on Domestic Economy

Wexford Chamber has said that the seasonally adjusted decrease in exports by 9% to €7,503m in December from a high of €8,252m in November signals a need to focus more on the domestic economy.

Madeleine Quirke, CEO, Wexford Chamber said, “From a record high trade surplus in November, these new figures show a decrease of 23% in the seasonally adjusted trade surplus to €3,484. These unstable export figures remind us that we must also focus on the domestic economy and ensure that everything possible is done to strengthen it.”

“The reported increase in imports by 8% indicates that consumer confidence is rising and people are spending again. These figures underscore the need for a resolute focus on cost competitiveness with a view to supporting our international competitiveness along with  the delivery of promised reforms from the Government’s Action Plan for Jobs,”  Madeleine concluded.