Friday, August 16 16:08:08
In what had been a bad week for Irish exports, new data from the Central Statistics Office shows that beverage exports have increased by 2.6pc over the first six months of 2013.
Economist Tony Foley, DCU Business School said: "Figures published by the Irish Exporters Association and Central Statistics Office this week showed a weak export performance, with trends in both sets of data showing a fall in exports. Merchandise exports for the first six months of 2013 were E43.431 billion compared with E46.476 billion for the same period of 2012, this is equal to a decline of 6.6pc."
"However, figures from the CSO show that beverages exports are bucking that trend and have increased by 2.6pc over the same period from E462 million in first half of 2012 to E474 million in first half of 2013."
Peter O'Brien, Chair of the Drinks Industry Group of Ireland and Diageo's European Corporate Relations Director said: "These figures demonstrate that the Irish drinks industry has a key role to play in Ireland's economic rehabilitation. Government must support the business strength and capability of Irish drinks manufacturers. DIGI is calling for the reversal of last year's excise increase in order to avoid continuing damage to a vital national industry."