Domestic Economy Remains Stagnant

Chambers Ireland has said that today’s (14/12/12) CSO External Trade Figures which reported a seasonally adjusted increase in exports of 2% to €7,468m and a 7% decrease in imports to €4,188m in October highlight the ongoing problems in the domestic economy.

Speaking this afternoon, Seán Murphy, Chambers Ireland Deputy Chief Executive said, “These figures highlight that the export sector is continuing to compensate for the distressed domestic sector, further enforcing the difficulties in the domestic economy. More needs to be done, and should have been done in Budget 2013, to support SMEs operating in the Irish market if the domestic economy is to recover.”

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For further information contact Amy Woods, Chambers Ireland on 01 400 4319, 086 6081605 or email amy.woods@www.chambers.ie.