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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 2 2014 (Provisional) Quarter 1 2014 (Final)

 All Industries
 Changes in Stocks held
 Q1 2014Q2 2014
 €m€m
Materials & Fuel27.985.9
Finished Goods6.687.0
Work-in-Progress274.3-144.8
Goods Purchased for Resale-43.3-48.0
Total Stocks265.5-19.8

Value of Industrial Stocks fell €19.8m in second quarter of 2014

Total Stock Changes
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The value of total stocks held by industry decreased by €19.8m in the second quarter of 2014, following an increase of €265.5m in the first quarter of 2014. See Table 1.

The principal reasons for the second quarter change in the value of stocks was a decrease of €144.8m in Work-in-Progress stocks. See Tables 2-5.

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

  •   Chemicals and chemical products, basic pharmaceutical products and preparations with a decrease of €159.8m following an increase in the previous quarter of €183.3m.
The data for 2012-2013 has been updated following revised grossing factors based on the Census of Industrial Production, 2012. For further information, see Background Notes.
Business SectorsQ12014Q22014
Materials & Fuel27.985.9
Finished Goods6.687
Work-in-Progress274.3-144.8
Finished Goods & Work-in-Progress280.9-57.8
Goods Purchased for Resale-43.3-48
Total Stocks265.5-19.8
Table 1 Change in value of stocks held in industry (€ million)   
           
           
NACE Rev 2 CodeDescriptionCIP Closing level 20122013Closing level 20132014
       
       
Q1Q2Q3Q4YearQ1Q21
           
           
10, 11Food Products, beverages1,549.131.0116.545.6-305.6-112.51,436.552.1155.5
13Textiles40.40.0-1.9-1.9-0.5-4.336.11.51.1
14Wearing apparel21.90.30.10.10.10.622.50.10.0
16Wood and wood products, except furniture76.91.53.4-6.43.11.678.51.45.2
           
17Paper and paper products36.3-0.9-0.1-0.9-0.7-2.633.8-0.81.6
18Printing and reproduction of recorded media18.33.03.61.17.215.033.24.34.1
20, 21Chemicals and chemical products, basic pharmaceutical products and preparations4,101.2193.6156.1116.9-73.5393.04,494.2183.3-159.8
22Rubber and plastic products151.19.8-0.2-5.7-3.20.8151.89.8-0.4
           
23Other non-metallic mineral products175.716.3-10.94.1-7.71.8177.421.3-7.7
24, 25Basic metals, fabricated metal products, except machinery and equipment253.817.911.08.7-6.231.4285.213.711.9
27Electrical equipment82.00.5-0.6-1.8-4.4-6.275.70.32.9
           
28Machinery and equipment n.e.c.274.227.6-1.8-4.8-11.69.4283.623.09.0
26, 32Computer, electronic and optical products, other manufacturing1,220.8-11.8-17.153.2-84.6-60.41,160.442.1-56.2
12, 15, 19, 29-31, 33Tobacco, leather, coke and refined petroleum products, transport equipment, furniture, repair and installation of machinery and equipment343.9222.4-74.6-76.915.186.0430.0-10.1-49.5
           
10 to 33Manufacturing Industries8,345.5511.3183.4131.3-472.4353.58,699.0342.0-82.1
           
05 to 09Mining and quarrying112.9-33.624.338.3-11.018.0130.8-25.015.8
           
05 to 33Transportable Goods Industries8,458.4477.6207.7169.5-483.4371.58,829.9317.0-66.4
           
35Electricity, gas, steam and air-conditioning supply232.1-58.631.133.0-46.0-40.6191.5-52.453.4
36 to 39Water supply, sewerage and waste management 32.5-2.5-1.92.81.60.132.70.9-6.8
           
05 to 39Industries8,723.0416.5236.9205.3-527.8331.09,054.0265.5-19.8
           
1 Preliminary estimates         
Table 2 Change in value of stocks of materials and fuel held in industry (€ million)   
           
           
NACE Rev 2 CodeDescriptionCIP Closing level 20122013Closing level 20132014
       
       
Q1Q2Q3Q4YearQ1Q21
           
           
10, 11Food Products, beverages542.5-25.5-10.942.8-9.2-2.8539.620.713.3
13Textiles20.30.4-1.2-1.1-1.9-3.716.62.1-0.4
14Wearing apparel7.10.10.10.00.00.27.30.00.0
16Wood and wood products, except furniture37.8-1.33.0-2.1-0.2-0.737.1-1.33.5
           
17Paper and paper products20.3-0.50.30.30.40.620.8-1.50.8
18Printing and reproduction of recorded media11.22.70.90.90.75.216.4-10.12.8
20, 21Chemicals and chemical products, basic pharmaceutical products and preparations740.460.265.1-11.369.4183.4923.836.437.5
22Rubber and plastic products78.84.51.4-2.8-3.7-0.678.23.31.9
           
23Other non-metallic mineral products87.76.51.5-0.8-4.23.090.710.8-0.3
24, 25Basic metals, fabricated metal products, except machinery and equipment127.33.84.67.5-1.314.6141.94.74.3
27Electrical equipment45.2-1.6-0.2-0.2-4.0-6.039.2-0.31.7
           
28Machinery and equipment n.e.c.158.116.3-1.6-1.3-8.15.4163.418.05.7
26, 32Computer, electronic and optical products, other manufacturing433.818.40.328.5-17.729.4463.210.131.5
12, 15, 19, 29-31, 33Tobacco, leather, coke and refined petroleum products, transport equipment, furniture, repair and installation of machinery and equipment159.5224.4-71.9-80.715.787.6247.1-9.7-64.3
           
10 to 33Manufacturing Industries2,469.9308.6-8.7-20.536.0315.42,785.383.437.9
           
05 to 09Mining and quarrying32.90.16.7-3.3-0.13.536.4-2.71.0
           
05 to 33Transportable Goods Industries2,502.9308.7-2.0-23.835.9318.82,821.780.738.9
           
35Electricity, gas, steam and air-conditioning supply216.7-58.431.933.0-47.0-40.5176.2-52.454.5
36 to 39Water supply, sewerage and waste management 18.2-1.2-0.6-0.70.9-1.516.8-0.4-7.5
           
05 to 39Industries2,737.7249.129.48.6-10.3276.93,014.627.985.9
           
1 Preliminary estimates         
Table 3 Change in value of finished goods held in industry (€ million)      
           
           
NACE Rev 2 CodeDescriptionCIP Closing level 20122013Closing level 20132014
       
       
Q1Q2Q3Q4YearQ1Q21
           
           
10, 11Food Products, beverages658.824.8132.124.0-231.5-50.6608.31.0145.4
13Textiles14.1-0.30.50.00.00.214.30.70.7
14Wearing apparel3.20.10.10.00.10.33.50.10.0
16Wood and wood products, except furniture32.93.00.2-3.44.44.337.10.94.8
           
17Paper and paper products12.2-0.4-0.7-1.1-0.4-2.69.60.41.0
18Printing and reproduction of recorded media2.52.12.30.37.011.814.30.11.3
20, 21Chemicals and chemical products, basic pharmaceutical products and preparations976.6-208.538.5-22.427.2-165.2811.412.0-5.4
22Rubber and plastic products60.64.0-1.0-3.91.40.561.26.5-2.6
           
23Other non-metallic mineral products58.15.6-2.0-2.2-1.00.558.63.9-1.6
24, 25Basic metals, fabricated metal products, except machinery and equipment41.6-3.02.20.2-2.3-2.938.8-3.75.6
27Electrical equipment19.0-1.3-0.7-0.6-0.8-3.415.6-1.3-0.7
           
28Machinery and equipment n.e.c.56.42.5-0.4-3.41.70.456.81.10.9
26, 32Computer, electronic and optical products, other manufacturing420.0-36.4-6.94.38.8-30.1389.92.4-68.5
12, 15, 19, 29-31, 33Tobacco, leather, coke and refined petroleum products, transport equipment, furniture, repair and installation of machinery and equipment111.2-9.5-5.3-0.81.4-14.397.0-5.50.9
           
10 to 33Manufacturing Industries2,467.4-217.2158.8-9.0-183.8-251.12,216.318.682.0
           
05 to 09Mining and quarrying39.2-20.27.828.2-1.314.553.7-12.93.6
           
05 to 33Transportable Goods Industries2,506.6-237.3166.619.2-185.1-236.62,270.05.785.6
           
35Electricity, gas, steam and air-conditioning supply15.20.00.00.00.00.015.20.00.0
36 to 39Water supply, sewerage and waste management 2.90.6-1.81.1-0.2-0.42.60.91.4
           
05 to 39Industries2,524.7-236.7164.820.3-185.3-237.02,287.76.687.0
           
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 20122013Closing level 20132014
       
       
Q1Q2Q3Q4YearQ1Q21
           
           
10, 11Food Products, beverages303.823.59.8-3.8-82.6-53.1250.711.79.8
13Textiles2.20.00.7-0.40.10.42.60.00.5
14Wearing apparel1.00.00.00.10.00.11.10.00.0
16Wood and wood products, except furniture3.8-0.11.2-0.4-1.8-1.22.72.4-1.1
           
17Paper and paper products2.80.1-0.20.1-0.6-0.62.20.1-0.1
18Printing and reproduction of recorded media3.8-0.2-0.7-0.10.2-0.92.915.2-1.1
20, 21Chemicals and chemical products, basic pharmaceutical products and preparations2,365.8341.465.6146.1-248.4304.72,670.5203.8-152.8
22Rubber and plastic products7.61.7-0.81.1-0.41.69.20.2-0.3
           
23Other non-metallic mineral products15.30.8-5.77.7-2.50.315.63.2-2.1
24, 25Basic metals, fabricated metal products, except machinery and equipment63.29.82.90.9-2.710.974.17.81.3
27Electrical equipment16.33.40.3-1.00.53.219.61.2-0.5
           
28Machinery and equipment n.e.c.45.86.3-4.12.6-6.3-1.544.34.32.4
26, 32Computer, electronic and optical products, other manufacturing350.5-5.1-14.6-7.7-50.7-78.2272.418.8-10.1
12, 15, 19, 29-31, 33Tobacco, leather, coke and refined petroleum products, transport equipment, furniture, repair and installation of machinery and equipment58.24.52.6-1.2-2.03.862.15.610.4
           
10 to 33Manufacturing Industries3,240.3386.056.9143.8-397.2189.53,429.8274.4-143.8
           
05 to 09Mining and quarrying19.80.1-3.02.1-1.2-1.917.8-0.5-1.4
           
05 to 33Transportable Goods Industries3,260.1386.153.9145.9-398.3187.63,447.7273.9-145.1
           
35Electricity, gas, steam and air-conditioning supply0.20.40.00.00.10.50.60.00.0
36 to 39Water supply, sewerage and waste management 8.9-0.60.82.71.03.912.80.30.4
           
05 to 39Industries3,269.2385.954.8148.6-397.2191.93,461.1274.3-144.8
           
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 20122013Closing level 20132014
       
       
Q1Q2Q3Q4YearQ1Q21
           
           
10, 11Food Products, beverages44.08.1-14.5-17.317.7-6.038.018.7-13.0
13Textiles3.8-0.1-1.9-0.41.3-1.12.7-1.30.2
14Wearing apparel10.50.00.00.00.00.010.60.00.0
16Wood and wood products, except furniture2.5-0.1-1.0-0.50.7-0.91.6-0.7-2.0
           
17Paper and paper products1.1-0.10.5-0.1-0.10.11.20.1-0.1
18Printing and reproduction of recorded media0.7-1.51.1-0.1-0.7-1.2-0.5-0.91.0
20, 21Chemicals and chemical products, basic pharmaceutical products and preparations18.40.4-13.14.678.270.188.5-68.9-39.1
22Rubber and plastic products4.1-0.50.20.0-0.5-0.83.3-0.20.6
           
23Other non-metallic mineral products14.53.5-4.7-0.6-0.2-1.912.63.4-3.7
24, 25Basic metals, fabricated metal products, except machinery and equipment21.77.31.40.10.18.830.54.80.7
27Electrical equipment1.40.0-0.10.10.00.01.40.72.4
           
28Machinery and equipment n.e.c.13.92.54.3-2.61.15.219.1-0.40.0
26, 32Computer, electronic and optical products, other manufacturing16.411.34.128.2-25.118.534.910.7-9.0
12, 15, 19, 29-31, 33Tobacco, leather, coke and refined petroleum products, transport equipment, furniture, repair and installation of machinery and equipment14.93.10.05.80.08.923.8-0.53.6
           
10 to 33Manufacturing Industries167.833.9-23.616.972.699.8267.6-34.4-58.3
           
05 to 09Mining and quarrying21.0-13.712.711.3-8.41.922.9-8.912.5
           
05 to 33Transportable Goods Industries188.820.2-10.928.264.2101.7290.6-43.3-45.8
           
35Electricity, gas, steam and air-conditioning supply0.1-0.6-0.8-0.10.9-0.6-0.50.0-1.1
36 to 39Water supply, sewerage and waste management 2.5-1.4-0.3-0.30.0-2.00.50.1-1.1
           
05 to 39Industries191.418.3-12.027.965.199.2290.6-43.3-48.0
           
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 10 with division 11.

NACE division 20 with division 21.

NACE division 24 with division 25.

NACE division 26 with division 32.

NACE divisions 29-30,33 with divisions 12,15,19 and 31.

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