Bruton Welcomes Latest CSO Trade Figures

Merchandise trade statistics published by the CSO, which show an rise of 6% on the same month last year, have been welcomed.

Exports in April 2011 were valued at €7.79 billion. The Irish Minister for Jobs, Enterprise and Innovation Richard Bruton said: "A strong export performance will be crucial in driving the recovery in the wider Irish economy. The figures, the latest in a growing body of evidence of high levels of performance in manufacturing and exports, show that an export-led recovery is becoming a real possibility.

"This is particularly welcome at a time when we are receiving mixed news about the global economy.

The Minister added: "The fact that our exports to target markets in Brazil, Russia and India are showing substantial increases is also very good news.

"However we must not become complacent about our export performance, as aspects of the figures show. I, together with my colleagues across government, am determined to ensure that exports can continue to grow and lead a recovery in the domestic economy." He concluded: "Above all, we must ensure that our competitiveness continues to improve at a faster rate than our competitors, particularly at a time when oil prices and other costs outside our control are high. I am determined to continue implementing measures which will bring costs down and make it easier for businesses to expand and create the jobs we so badly need."

(BMcN)