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Weakening euro causes concern for Northern Ireland exports


Northern Ireland’s economic growth has been healthy in the first quarter of 2015 but there are concerns about manufacturing exports, research has shown.
The Northern Ireland Chamber of Commerce and Industry’s quarterly survey said that the balance of firms here were reporting increases in sales, exports and employment for the quarter January to March.

But stagnation in the eurozone was putting pressure on exports for those manufacturing firms surveyed, causing some unevenness to the recovery.

A weakening euro has hit manufacturing hard in Northern Ireland – with the bulk of exports going to the Republic and the rest of the eurozone.
Fears over manufacturing exports in Northern Ireland were amplified in Britain, where exchange rates were cited as the biggest issue facing business nationally.