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E-mail: sts_rap@cso.ie Mary Heanue (+353) 21 453 5714 Alan Finlay (+353) 21 453 5211 Lillian Tobin (+353) 21 453 5585
For general information on CSO statistics:
information@cso.ie (+353) 21 453 5000 On-line ISSN 2009-5090
CSO statistical release, , 11am

Industrial Stocks

Quarter 1 2014 (Provisional) Quarter 4 2013 (Final)

 All Industries
 Changes in Stocks held
 Q4 2013Q1 2014
 €m€m
Materials & Fuel-10.8260.7
Finished Goods-190.7-10.2
Work-in-Progress-398.2260.6
Goods Purchased for Resale67.3-41.6
Total Stocks-532.4469.4

Value of Industrial Stocks rose €469.4m in first quarter of 2014

Total Stock Changes
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The value of total stocks held by industry increased by €469.4m in the first quarter of 2014, following a decrease of €532.4m in the fourth quarter of 2013. See Table 1.

The principal reasons for the first quarter change in the value of stocks was an increase of €260.7m in Materials & Fuel stocks along with an increase in Work-in-Progress stocks of €260.6m. See Tables 2-5.

The main sector contributing to the rise in the value of stocks was: 

  •   Chemicals and chemical products, basic pharmaceutical products and preparations with an increase of €194.6m following a decrease in the previous quarter of €69.5m.
Business SectorsQ42013Q12014
Materials & Fuel-10.8260.7
Finished Goods-190.7-10.2
Work-in-Progress-398.2260.6
Finished Goods & Work-in-Progress-588.9250.4
Goods Purchased for Resale67.3-41.6
Total Stocks-532.4469.4
Table 1 Change in value of total stocks held in industry (€ million)  
                
                
NACE Rev 2 CodeDescriptionCIP closing level 20112012Closing level 20122013Closing level 20132014
           
           
Q1Q2Q3Q4YearQ1Q2Q3Q4YearQ11
                
                
10Food Products1,098.4-6.931.8162.1-169.317.71,116.130.6128.017.5-341.2-165.1951.0-10.4
11Beverages360.29.1-11.126.81.226.0386.33.1-6.825.029.650.9437.223.0
13Textiles45.23.3-1.0-0.1-1.90.245.40.0-1.7-1.8-0.6-4.141.31.5
14Wearing apparel20.6-0.1-0.20.3-0.5-0.420.20.30.10.10.10.620.80.0
16Wood and wood products, except furniture84.7-1.2-2.2-5.40.8-8.176.71.13.2-6.02.61.077.70.7
                
17Paper and paper products36.02.12.1-1.6-1.60.936.9-0.9-0.1-0.9-0.8-2.734.21.9
18Printing and reproduction of recorded media26.611.06.49.4-1.425.452.03.24.61.47.817.169.04.6
20, 21Chemicals and chemical products, basic pharmaceutical products and preparations3,879.7-215.7201.6-253.947.4-220.63,659.1190.2153.7117.7-69.5392.14,051.2194.6
22Rubber and plastic products152.38.4-0.75.0-1.810.9163.19.6-0.1-5.6-3.30.7163.89.1
                
23Other non-metallic mineral products175.226.3-17.2-17.2-4.2-12.2162.916.5-11.54.8-8.01.8164.720.9
24Basic metals68.413.80.8-2.5-2.010.278.65.38.6-0.5-0.712.791.36.0
25Fabricated metal products, except machinery and equipment239.610.515.1-7.4-20.5-2.3237.315.73.510.4-6.223.5260.77.6
27Electrical equipment89.4-1.84.10.9-2.11.190.50.8-0.6-2.0-4.6-6.484.20.1
                
28Machinery and equipment n.e.c.271.911.312.32.54.630.7302.626.7-1.8-4.7-11.19.1311.622.6
26, 32Computer, electronic and optical products, other manufacturing1,247.8-12.729.437.7-68.2-13.81,233.9-7.9-16.956.4-87.155.51,289.444.0
33Repair and installation of machinery and equipment75.34.28.2-5.6-4.02.878.15.51.20.8-1.06.484.5-1.0
12, 15, 19, 29-31Tobacco, leather, coke and refined petroleum products, transport equipment, furniture350.7-47.435.632.8-87.1-66.0284.7218.7-75.6-77.816.281.5366.2231.3
                
10 to 33Manufacturing Industries8,221.9-185.9315.2-16.3-310.6-197.58,024.4518.7187.9134.9-477.7363.88,388.2556.7
                
05 to 09Mining and quarrying146.0-10.1-1.013.5-16.6-14.2131.8-33.723.438.3-11.017.0148.8-35.1
                
05 to 33Transportable Goods Industries8,367.9-196.0314.3-2.8-327.2-211.88,156.2485.0211.3173.3-488.8380.88,536.9521.6
                
35Electricity, gas, steam and air-conditioning supply227.5-34.824.425.6-21.0-5.7221.8-57.431.032.7-45.4-39.1182.7-52.0
36 to 39Water supply, sewerage and waste management 30.62.2-8.63.8-2.7-5.225.4-3.7-2.45.91.71.526.9-0.2
                
05 to 39Industries8,626.0-228.6330.126.6-350.8-222.78,403.4423.8239.9211.9-532.4343.28,746.5469.4
                
1 Preliminary estimates              
Table 2 Change in value of stocks of materials and fuel held in industry (€ million)   
                
                
NACE Rev 2 CodeDescriptionCIP closing level 20112012Closing level 20122013Closing level 20132014
           
           
Q1Q2Q3Q4YearQ1Q2Q3Q4YearQ11
                
                
10Food Products433.8-10.1 -14.7 44.3-1.3 18.2452.0-18.2 -2.4 28.7-33.0 -24.9 427.1-8.4
11Beverages62.9-5.1 -8.9 8.910.45.268.2-6.9 -8.1 13.422.520.989.19.1
13Textiles24.32.5-1.3 0.2-1.9 -0.4 23.90.4-1.2 -1.1 -1.9 -3.7 20.22.1
14Wearing apparel6.00.0-0.2 0.1-0.2 -0.3 5.70.10.10.00.00.25.90.0
16Wood and wood products, except furniture41.5-3.0 2.9-2.5 -0.1 -2.7 38.8-1.3 2.9-2.1 -0.2 -0.7 38.1-1.9
                
17Paper and paper products20.50.90.90.40.02.222.7-0.5 0.30.30.40.623.3-0.8
18Printing and reproduction of recorded media18.14.02.80.8-1.1 6.524.53.61.21.31.07.131.6-12.9
20, 21Chemicals and chemical products, basic pharmaceutical products and preparations936.3-0.4-12.6-5.052.234.2970.560.365.1-11.569.7183.61,154.139.2  
22Rubber and plastic products83.12.71.74.6-1.6 7.390.44.61.4-2.9 -3.7 -0.6 89.71.8
                
23Other non-metallic mineral products92.219.4-1.1 -16.7 -1.4 0.292.46.51.4-0.8 -4.1 2.995.317.3
24Basic metals40.62.01.7-0.2 2.76.246.80.49.50.73.213.960.71.4
25Fabricated metal products, except machinery and equipment124.20.2-0.9 0.9-12.0 -11.8 112.44.3-4.7 7.9-5.0 2.5114.97.4
27Electrical equipment47.9-0.3 2.81.0-3.0 0.548.4-1.7 -0.2 -0.3 -4.2 -6.3 42.1-0.3
                
28Machinery and equipment n.e.c.162.52.62.53.07.815.9178.415.6-1.5 -1.2 -7.7 5.1183.517.1
26, 32Computer, electronic and optical products, other manufacturing405.7-8.530.97.4-13.816.1421.820.3-0.428.2-17.830.3452.110.4  
33Repair and installation of machinery and equipment42.50.54.20.61.26.548.91.3-2.7 1.4-0.1 0.048.9-0.2
12, 15, 19, 29-31Tobacco, leather, coke and refined petroleum products, transport equipment, furniture117.5-37.738.717.6-71.7-53.164.4223.4-69.7-81.615.887.9152.3234.3  
                
10 to 33Manufacturing Industries2,659.5-30.3 49.465.3-33.7 50.72,710.2312.1-8.9 -19.6 35.1318.83,029.0315.6
                
05 to 09Mining and quarrying41.29.00.50.5-2.1 7.949.10.26.1-2.8 -0.1 3.452.5-2.6
                
05 to 33Transportable Goods Industries2,700.7-21.3 49.965.8-35.7 58.62,759.3312.3-2.8 -22.4 35.0322.23,081.5312.9
                
35Electricity, gas, steam and air-conditioning supply211.8-34.8 25.024.9-20.7 -5.6 206.2-58.0 31.832.8-46.7 -40.0 166.2-51.9
36 to 39Water supply, sewerage and waste management 17.8-0.5 0.10.1-1.3 -1.7 16.1-1.1 -0.6 -0.6 0.8-1.5 14.6-0.4
                
05 to 39Industries2,930.3-56.7 75.090.8-57.7 51.42,981.6253.328.49.8-10.8 280.73,262.3260.7
                
1 Preliminary estimates              
Table 3 Change in value of finished goods held in industry (€ million)     
                
                
NACE Rev 2 CodeDescriptionCIP closing level 20112012Closing level 20122013Closing level 20132014
           
           
Q1Q2Q3Q4YearQ1Q2Q3Q4YearQ11
                
                
10Food Products577.0-20.156.9102.4-168.2-29.0548.036.1145.14.2-225.8-40.4507.6-18.8
11Beverages47.46.7-6.124.7-7.417.865.3-9.4-8.717.7-9.5-9.855.43.1
13Textiles13.40.11.6-0.60.71.815.2-0.30.40.00.00.215.40.6
14Wearing apparel3.20.00.10.1-0.2-0.13.10.10.10.00.10.33.40.0
16Wood and wood products, except furniture32.8-1.5-1.9-3.61.7-5.327.52.60.2-2.93.83.731.22.2
                
17Paper and paper products11.40.71.6-1.0-0.70.612.0-0.4-0.7-1.2-0.4-2.79.31.7
18Printing and reproduction of recorded media2.65.04.56.0-3.511.914.52.32.50.47.712.827.31.2
20, 21Chemicals and chemical products, basic pharmaceutical products and preparations927.699.058.7-97.0-119.2-58.4869.2-212.737.8-22.026.2-170.7698.522.1  
22Rubber and plastic products56.84.0-2.70.50.52.359.13.8-1.0-3.71.40.559.65.9
                
23Other non-metallic mineral products55.95.92.7-7.4-3.2-2.053.95.7-2.0-2.2-1.00.554.41.7
24Basic metals8.75.0-0.3-2.3-1.11.310.00.50.1-1.0-0.2-0.59.51.8
25Fabricated metal products, except machinery and equipment44.0-2.70.2-2.6-7.0-12.132.0-3.62.11.2-2.2-2.529.4-7.7
27Electrical equipment29.3-1.20.9-1.30.0-1.527.7-1.4-0.7-0.7-0.9-3.724.1-1.5
                
28Machinery and equipment n.e.c.47.311.50.5-0.73.815.062.42.5-0.4-3.41.70.462.71.2
26, 32Computer, electronic and optical products, other manufacturing494.6-6.5-18.8-27.1-21.8-74.2420.4-35.5-6.84.08.6-29.7390.73.4  
33Repair and installation of machinery and equipment9.30.40.4-1.7-2.6-3.45.9-0.50.50.10.30.46.3-0.9
12, 15, 19, 29-31Tobacco, leather, coke and refined petroleum products, transport equipment, furniture185.6-8.0-5.52.9-6.5-17.1168.5-7.9-4.9-0.81.0-12.6155.9-4.0  
                
10 to 33Manufacturing Industries2,547.198.292.9-8.7-334.8-152.32,394.8-217.8163.6-10.5-189.2-253.92,140.812.0
                
05 to 09Mining and quarrying74.1-12.1-0.31.3-6.1-17.256.8-20.37.828.3-1.314.671.4-23.2
                
05 to 33Transportable Goods Industries2,621.286.192.6-7.4-340.8-169.62,451.6-238.1171.417.8-190.5-239.42,212.2-11.1
                
35Electricity, gas, steam and air-conditioning supply1.20.00.00.00.00.01.20.00.00.00.00.01.20.0
36 to 39Water supply, sewerage and waste management 9.91.6-1.91.5-1.20.110.00.5-1.30.8-0.2-0.39.70.9
                
05 to 39Industries2,632.387.790.7-5.8-342.0-169.52,462.8-237.6170.118.6-190.7-239.62,223.1-10.2
                
1 Preliminary estimates              
Table 4 Change in value of stocks of work-in-progress goods held in industry (€ million)
                
                
NACE Rev 2 CodeDescriptionCIP closing level 20112012Closing level 20122013Closing level 20132014
           
           
Q1Q2Q3Q4YearQ1Q2Q3Q4YearQ11
                
                
10Food Products49.58.25.22.8-4.911.360.94.90.51.0-103.4-97.2-36.3-3.5
11Beverages243.69.38.1-3.30.114.2257.918.99.5-4.919.843.3301.210.0
13Textiles3.20.9-0.2-0.2-0.40.13.30.00.6-0.30.10.43.60.0
14Wearing apparel1.7-0.1-0.10.2-0.1-0.11.60.00.00.00.00.11.70.0
16Wood and wood products, except furniture5.30.70.4-0.6-1.4-0.94.4-0.11.1-0.4-1.7-1.13.31.4
                
17Paper and paper products2.60.3-0.5-0.8-1.0-1.90.70.1-0.20.1-0.7-0.70.0-0.1
18Printing and reproduction of recorded media5.62.0-0.9-1.40.50.35.9-0.3-0.8-0.10.2-1.04.918.5
20, 21Chemicals and chemical products, basic pharmaceutical products and preparations1,983.9-304.9170.9-152.596.1-190.41,793.5342.365.6146.2-248.5305.62,099.1207.4  
22Rubber and plastic products7.90.2-0.1-0.1-0.8-0.87.11.6-0.71.1-0.41.68.61.6
                
23Other non-metallic mineral products14.60.3-7.56.30.90.114.60.9-6.38.4-2.70.314.9-3.3
24Basic metals13.84.30.2-0.2-3.11.114.93.2-1.30.4-2.6-0.314.62.4
25Fabricated metal products, except machinery and equipment52.97.77.7-6.4-6.03.055.98.14.80.6-0.313.169.02.5
27Electrical equipment11.6-0.40.5-0.6-0.7-1.210.43.90.4-1.10.63.714.11.4
                
28Machinery and equipment n.e.c.43.8-3.06.31.3-4.50.043.86.2-4.12.6-6.2-1.542.34.0
26, 32Computer, electronic and optical products, other manufacturing327.43.217.94.8-8.917.1344.5-5.0-14.6-7.7-50.5-77.8266.718.5  
33Repair and installation of machinery and equipment17.12.53.5-4.2-1.80.117.23.73.4-0.5-1.75.022.2-0.2
12, 15, 19, 29-31Tobacco, leather, coke and refined petroleum products, transport equipment, furniture39.3-1.01.312.4-9.92.842.10.6-0.9-0.6-0.1-1.041.11.4  
                
10 to 33Manufacturing Industries2,823.9-269.8212.9-142.654.2-145.32,678.7389.057.1144.7-398.4192.52,871.1261.9
                
05 to 09Mining and quarrying19.54.7-4.8-1.2-0.9-2.217.30.0-3.21.5-1.2-2.914.4-0.5
                
05 to 33Transportable Goods Industries2,843.5-265.1208.1-143.953.3-147.52,696.0389.153.9146.3-399.6189.62,885.6261.4
                
35Electricity, gas, steam and air-conditioning supply0.10.00.00.00.00.00.11.10.00.00.41.51.60.0
36 to 39Water supply, sewerage and waste management 0.80.8-7.41.9-0.1-4.8-4.0-1.6-0.16.01.05.31.4-0.9
                
05 to 39Industries2,844.4-264.3200.7-142.053.3-152.32,692.1388.653.8152.3-398.2196.42,888.6260.6
                
1 Preliminary estimates              
Table 5 Change in value of stocks of goods purchased for resale held in industry (€ million)
                
                
NACE Rev 2 CodeDescriptionCIP closing level 20112012Closing level 20122013Closing level 20132014
           
           
Q1Q2Q3Q4YearQ1Q2Q3Q4YearQ11
                
                
10Food Products38.115.2-15.612.55.017.155.27.8-15.1-16.321.0-2.652.620.3
11Beverages6.2-1.8-4.1-3.5-1.9-11.3-5.00.50.4-1.2-3.2-3.5-8.60.8
13Textiles4.3-0.2-1.10.5-0.4-1.23.1-0.1-1.6-0.41.2-1.02.1-1.2
14Wearing apparel9.80.00.00.00.00.09.80.00.00.00.00.09.80.0
16Wood and wood products, except furniture5.12.6-3.61.30.50.86.0-0.1-1.0-0.50.7-0.95.0-1.0
                
17Paper and paper products1.50.10.1-0.30.10.01.5-0.10.6-0.2-0.20.11.71.1
18Printing and reproduction of recorded media0.30.00.04.12.76.77.1-2.41.7-0.1-1.0-1.85.3-2.1
20, 21Chemicals and chemical products, basic pharmaceutical products and preparations31.9-9.5-15.40.618.3-6.025.90.3-14.95.183.273.799.6-74.1  
22Rubber and plastic products4.51.60.40.00.12.16.6-0.50.20.0-0.5-0.85.8-0.1
                
23Other non-metallic mineral products12.50.7-11.40.6-0.4-10.52.03.5-4.7-0.6-0.1-1.90.15.1
24Basic metals5.32.5-0.70.2-0.51.56.91.20.3-0.7-1.1-0.36.50.5
25Fabricated metal products, except machinery and equipment18.55.38.10.84.418.537.07.01.30.81.310.447.45.4
27Electrical equipment0.60.1-0.21.81.63.33.90.00.00.00.00.03.90.4
                
28Machinery and equipment n.e.c.18.20.23.0-1.0-2.4-0.217.92.44.2-2.61.15.123.00.3
26, 32Computer, electronic and optical products, other manufacturing20.0-0.9-0.752.6-23.727.347.212.34.931.9-27.521.668.811.7  
33Repair and installation of machinery and equipment6.40.80.1-0.3-0.9-0.36.10.90.0-0.30.41.07.10.3
12, 15, 19, 29-31Tobacco, leather, coke and refined petroleum products, transport equipment, furniture8.2-0.61.1-0.11.11.49.62.5-0.15.3-0.57.216.8-0.4  
                
10 to 33Manufacturing Industries191.316.0-40.069.73.749.4240.735.3-23.920.374.8106.5347.2-32.8
                
05 to 09Mining and quarrying11.2-11.73.712.9-7.6-2.78.5-13.712.711.3-8.41.910.4-8.9
                
05 to 33Transportable Goods Industries202.54.3-36.382.6-3.946.7249.221.6-11.231.666.4108.4357.6-41.7
                
35Electricity, gas, steam and air-conditioning supply14.40.0-0.60.7-0.3-0.114.3-0.6-0.9-0.10.9-0.613.70.0
36 to 39Water supply, sewerage and waste management 2.10.40.70.3-0.21.23.3-1.5-0.4-0.30.0-2.11.20.1
                
05 to 39Industries219.14.7-36.383.6-4.347.7266.819.6-12.431.267.3105.7372.6-41.6
                
1 Preliminary estimates              
 

Background Notes

Introduction

This release details quarterly changes in stocks of goods held in the Mining, Manufacturing, Energy and Waste Management sectors. The series are derived from a quarterly accounts inquiry to industrial enterprises with 20 or more persons engaged. This inquiry was initiated to meet national and EU requirements for quarterly economic variables, and is conducted under the Statistics (Business Accounts Surveys) Order, 2010, Number 349,  made under the Statistics Act 1993.  

The survey results, which cover all companies with 20+ employees, are grossed using the latest available Census of Industrial Production (CIP) data to represent levels of stocks for all industrial enterprises with 3+ persons engaged, and are shown at current values (seasonally unadjusted).  

The series are short-term indicators of trends, and are subject to revision when the annual Census of Industrial Production results become available. The Census of Industrial Production covers all enterprises which are wholly or primarily engaged in industrial production and have three or more persons engaged.

 

Scope

The survey of approximately 2,000 enterprises covers all enterprises with 20+ persons engaged in the Mining, Manufacturing,  Energy and Waste Management sectors.

 

Methodology

Estimates are made for non-responding enterprises, and for those enterprises where the total stock level returned is zero.  The opening stock level for each such enterprise in the current quarter is made equal to the closing stock level for that enterprise in the previous quarter. To estimate the closing stock level for the enterprise in the current quarter, the sample is classified into relatively homogeneous cells defined by NACE division and employment size, and the cell ratio closing stocks to opening stocks (calculated from the aggregated respondent values in the non-respondent’s cell) is applied to the opening stock level for the enterprise. The stock change is derived as the closing stock level minus the opening stock level. 

To derive estimates inclusive of those enterprises having 3 to 19 persons engaged, the sample results are grossed, by NACE division, using grossing ratios from the latest available CIP.

 

Definitions

Stocks are valued (excluding VAT) on the accounting basis used by the enterprise. The stocks covered relate to goods actually held by the enterprise on its premises. Stock changes are calculated by subtracting the value of stocks at the beginning of the quarter from the value at the end of the quarter. 

An enterprise is defined as the smallest combination of legal units that is an organisational unit producing goods or services, which benefits from a certain degree of autonomy in decision making, especially for the allocation of its current resources (e.g. company, partnership, individual proprietorship, etc.) An enterprise may be a sole legal unit.

 

Other

The figures provided in this release are short-term indicators only. They are based on quarterly information supplied by enterprises, many of whom do not maintain sub-annual accounting systems. The annual Census of Industrial Production, which utilises financial accounts data, should be considered as the definitive reference for annual stocks information.

For confidentiality reasons the following NACE divisions have been combined:

NACE division 20 with division 21.

NACE division 26 with division 32.

NACE divisions 29-30 with divisions 12,15,19 and 31.

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