There was a marked rise in new export business during March, according to the latest Purchasing Managers’ Index (PMI) for the sector.
An economist with specialist bank Investec,said:
“More than twice as many firms reported growth in new export orders as against those whose experienced a contraction in demand.”
The UK accounts for more than 40pc of exports for Irish-owned firms.
Research found that diversifying export products and markets plays a major role in causing growth for domestic firms. Most exporters sell a small number of products to few markets, with almost half of Irish manufacturing firms exporting fewer than five products.