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Ireland's Exports Rising

  • 26-11-2009 10:05pm
    #1
    road_high
    Registered Users, Registered Users 2 Posts: 19,636 ✭✭✭✭


    Ireland sees 11% rise in exports in September
    26/11/2009 - 11:52:42
    The value of Ireland's exports got a boost in September when they rose by 11% over the previous month.

    However, the strength of the euro is likely to have played a role in the figures.

    Together with more consistent falls in imports, the latest figures mean Ireland's balance of trade improved sharply during September

    http://www.breakingnews.ie/business/ireland-sees-11-rise-in-exports-in-september-435878.html#ixzz0Y0PGnB4q




    This seems like a very positive position to be in. We are always hearing that to survive and grow we must export and export. Our balance of payments seem healthy indeed. If this is the case why are so fcuked right now :confused:. Or are these figures distorted by Multinationals exporting from here and not keeping profits here?


Comments

  • #2
    leninbenjamin
    Closed Accounts Posts: 8,983 ✭✭✭leninbenjamin


    mfitzy wrote: »
    Our balance of payments seem healthy indeed.

    figures?
    mfitzy wrote: »
    If this is the case why are so fcuked right now :confused:.

    because of the rising national debt as a result of excessive current expenditure and our inability to service it.
    mfitzy wrote: »
    Or are these figures distorted by Multinationals exporting from here and not keeping profits here?

    yes, you always have to factor this into it, something lazy journalists (and some economists) never bother their holes to do.


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