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E-mail: STS_RAP@Notes.Cso.ie Mary Heanue (+353) 21 453 5714 Alan Finlay (+353) 21 453 5211 Lillian Tobin (+353) 21 453 5585
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CSO statistical release, , 11am

Industrial Stocks

Quarter 4 2012 (Provisional) Quarter 3 2012 (Final)

 All Industries
 Changes in Stocks held
 Q3 2012Q4 2012
 €m€m
Materials & Fuel89.7118.3
Finished Goods-4.7-294.4
Work-in-Progress-146.268.4
Goods Purchased for Resale79.24.8
Total Stocks18.0-102.9

Value of Industrial Stocks down €102.9m in fourth quarter

Figure 1 IS - Industrial Stocks - Total Stock Changes
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The value of total stocks held by industry fell by €102.9m in the fourth quarter of 2012, following an increase of €18.0m in the third quarter of 2012.

The principal reason for the fourth quarter change in the value of stocks was a decrease of €294.4m in Finished Goods. Materials & Fuel stocks increased by €118.3m while Work-in-Progress stocks also showed an increase of €68.4m. The main sectors contributing to the rise in the value of stocks were: 

  • Food Products sector with a decrease of €141.5m following an increase of €159.9m in the previous quarter.
  • Computer, electronic and optical products sector with a decrease of €39.1m following an increase of €66.6m in the previous quarter.  

 

 

Table 1 Change in value of total stocks held in industry (€ million)       
               
NACE Rev 2 CodeDescriptionCIP closing level 20102011Closing level 20112012Closing level 2012
          
          
Q1Q2Q3Q4YearQ1Q2Q3Q41Year1
               
               
10Food Products1,091.4112.085.163.7-107.4153.41,244.8-7.131.7159.9-141.543.11,287.9
11Beverages350.616.9-3.952.5-32.333.1383.89.3-11.528.23.229.1412.8
13Textiles41.03.43.50.00.06.947.93.3-1.0-0.2-2.9-0.747.2
14Wearing apparel21.70.10.10.20.10.522.20.0-0.20.3-0.4-0.321.8
16Wood and wood products, except furniture90.76.32.90.24.513.9104.6-1.5-1.5-6.20.4-8.895.8
               
17Paper and paper products33.52.05.0-2.8-5.7-1.532.02.12.1-1.6-3.0-0.331.7
18Printing and reproduction of recorded media28.3-6.5-2.61.42.0-5.722.68.85.38.4-5.017.440.1
20Chemicals and chemical products352.6-27.8-35.328.465.630.9383.5-45.9-3.0-8.547.3-10.0373.4
21Basic pharmaceutical products and preparations3,619.8111.4-51.2123.890.6274.63,894.5-175.9209.6-245.681.3-130.63,763.9
22Rubber and plastic products137.215.14.1-4.9-12.41.9139.18.4-0.75.0-0.911.8150.9
               
23Other non-metallic mineral products184.122.2-11.0-14.1-16.4-19.3164.824.2-15.0-19.3-11.0-21.2143.6
24Basic metals70.55.81.3-2.90.74.975.412.30.8-2.0-0.510.686.0
25Fabricated metal products, except machinery and equipment180.29.08.9-7.8-21.7-11.5168.710.014.6-6.5-16.12.0170.7
26Computer, electronic and optical products655.976.526.85.3-47.261.3717.2-13.830.266.6-39.143.8761.0
27Electrical equipment60.55.80.1-4.10.22.062.5-1.73.91.30.84.366.8
               
28Machinery and equipment n.e.c.267.9-1.111.319.0-11.817.4285.311.712.62.47.334.0319.3
29, 30Transport equipment201.5-1.9-7.2-3.52.5-10.1191.5-17.4-3.017.1-10.1-13.4178.0
32Other manufacturing583.021.533.922.7-5.772.3655.31.9-2.6-33.3-18.3-52.3603.0
33Repair and installation of machinery and equipment47.62.50.56.20.810.057.63.56.4-4.52.47.865.4
12, 15, 19, 31Tobacco, leather, coke and refined petroleum products, furniture177.6-18.331.9-29.245.329.8207.4-31.237.715.836.458.6266.0
               
10 to 33Manufacturing Industries8,195.8355.0104.1254.0-48.3664.88,860.6-199.0316.4-22.9-69.624.88,885.4
               
05 to 09Mining and quarrying134.2-22.022.629.9-27.13.5137.7-9.8-1.013.5-23.9-21.2116.5
               
05 to 33Transportable Goods Industries8,329.9333.1126.7283.9-75.4668.38,998.2-208.8315.4-9.5-93.53.69,001.8
               
35Electricity, gas, steam and air-conditioning supply180.78.133.4-6.514.349.2229.8-35.223.726.7-7.08.2238.0
36 to 39Water supply, sewerage and waste management 31.5-0.20.31.4-6.7-5.126.42.4-4.90.7-2.4-4.222.2
               
05 to 39Industries8,542.1341.0160.4278.9-67.8712.49,254.4-241.6334.218.0-102.97.69,262.0
               
1 Preliminary estimates             
Table 2 Change in value of stocks of materials and fuel held in industry (€ million)       
               
               
NACE Rev 2 CodeDescriptionCIP closing level 20102011Closing level 20112012Closing level 2012
          
          
Q1Q2Q3Q4YearQ1Q2Q3Q41Year1
               
               
10Food Products428.44.6-3.18.724.734.9463.3-10.0-14.543.944.263.5526.8
11Beverages56.6-11.6-8.44.86.0-9.247.4-5.1-9.09.018.112.960.3
13Textiles18.00.21.32.1-0.33.321.32.4-1.20.2-2.7-1.319.9
14Wearing apparel9.4-0.20.10.20.00.09.40.0-0.10.1-0.1-0.29.2
16Wood and wood products, except furniture40.80.80.7-0.43.84.945.7-3.33.2-2.8-0.1-3.042.7
               
17Paper and paper products17.21.21.7-0.1-3.3-0.516.71.00.90.4-1.01.418.1
18Printing and reproduction of recorded media14.3-7.11.20.1-0.3-6.28.12.51.70.5-2.42.410.4
20Chemicals and chemical products139.7-13.2-21.118.322.76.7146.4-13.5-9.78.413.4-1.4145.0
21Basic pharmaceutical products and preparations921.2-39.5-107.414.7-49.7-181.9739.311.8-3.9-12.729.524.6763.9
22Rubber and plastic products73.211.03.6-0.6-9.74.377.62.71.74.6-2.86.183.7
               
23Other non-metallic mineral products89.018.3-6.3-6.2-3.52.491.318.0-1.0-17.4-3.8-4.387.0
24Basic metals40.51.61.41.61.35.846.41.71.6-0.10.03.349.6
25Fabricated metal products, except machinery and equipment88.01.36.1-6.10.41.689.60.1-0.70.7-11.3-11.178.5
26Computer, electronic and optical products159.743.511.3-2.6-19.233.1192.82.17.011.5-12.48.2201.0
27Electrical equipment31.91.12.1-4.0-1.5-2.229.7-0.32.81.0-2.41.130.7
               
28Machinery and equipment n.e.c.137.3-7.78.815.5-4.012.5149.92.52.63.07.015.1164.9
29, 30Transport equipment72.9-4.6-3.80.78.40.773.6-6.31.30.67.73.377.0
32Other manufacturing220.06.76.34.4-3.214.1234.1-10.123.8-4.76.715.7249.8
33Repair and installation of machinery and equipment25.40.8-0.91.30.51.827.20.43.00.44.98.635.8
12, 15, 19, 31Tobacco, leather, coke and refined petroleum products, furniture59.2-19.826.3-24.442.925.184.2-31.736.916.437.058.6142.8
               
10 to 33Manufacturing Industries2,642.6-12.5-80.127.816.0-48.82,593.8-35.346.363.1129.5203.62,797.4
               
05 to 09Mining and quarrying33.5-2.6-1.35.7-7.4-5.727.99.60.50.5-2.97.735.6
               
05 to 33Transportable Goods Industries2,676.1-15.2-81.433.58.6-54.52,621.6-25.746.863.6126.6211.32,833.0
               
35Electricity, gas, steam and air-conditioning supply166.88.133.4-6.513.148.0214.8-35.224.325.9-6.78.3223.1
36 to 39Water supply, sewerage and waste management 19.7-0.31.8-0.5-6.3-5.314.4-0.70.00.1-1.5-2.212.3
               
05 to 39Industries2,862.6-7.4-46.226.515.4-11.72,850.9-61.671.189.7118.3217.53,068.4
               
1 Preliminary estimates             
Table 3 Change in value of finished goods held in industry (€ million)      
               
        Closing level 2011      
NACE Rev 2 CodeDescriptionCIP closing level 201020112012Closing level 2012
          
          
Q1Q2Q3Q4YearQ1Q2Q3Q41Year1
              
               
10Food Products553.686.094.835.0-127.088.8642.4-19.956.2101.1-192.5-55.1587.3
11Beverages47.615.6-5.521.8-25.16.854.47.0-6.425.9-11.115.369.7
13Textiles15.20.70.0-1.61.00.115.30.11.8-0.70.82.017.4
14Wearing apparel4.60.20.0-0.10.10.14.70.00.10.1-0.2-0.14.7
16Wood and wood products, except furniture34.20.42.20.52.55.639.8-1.6-2.0-3.70.6-6.733.1
               
17Paper and paper products10.10.41.0-2.0-1.3-1.88.20.61.6-0.9-1.4-0.18.1
18Printing and reproduction of recorded media5.31.3-2.0-0.32.61.66.94.74.25.6-5.29.416.3
20Chemicals and chemical products125.1-2.5-2.0-4.613.44.3129.4-27.621.05.914.413.6143.1
21Basic pharmaceutical products and preparations1,248.946.232.118.2-18.278.31,327.3123.340.6-102.4-64.3-2.81,324.4
22Rubber and plastic products51.51.2-0.6-1.8-0.9-2.149.44.0-2.70.52.34.053.4
               
23Other non-metallic mineral products65.72.92.4-0.1-7.4-2.163.55.92.8-7.5-6.4-5.358.3
24Basic metals11.72.82.4-3.5-1.30.412.24.1-0.2-1.90.02.014.2
25Fabricated metal products, except machinery and equipment31.34.42.80.3-2.25.336.6-2.40.2-2.3-3.2-7.828.9
26Computer, electronic and optical products261.2-13.811.7-6.2-0.6-8.9252.3-7.3-1.11.70.7-5.9246.4
27Electrical equipment16.70.81.5-2.01.21.518.1-1.10.9-1.20.8-0.617.5
               
28Machinery and equipment n.e.c.61.14.6-1.14.6-0.57.468.512.00.5-0.84.015.784.2
29, 30Transport equipment95.6-11.8-2.3-3.4-1.3-18.876.8-9.1-6.63.3-4.8-17.259.6
32Other manufacturing201.56.717.412.83.039.9241.40.8-17.8-29.0-19.1-65.1176.3
33Repair and installation of machinery and equipment5.50.00.31.2-1.00.56.00.30.3-1.2-0.8-1.44.5
12, 15, 19, 31Tobacco, leather, coke and refined petroleum products, furniture96.50.22.5-0.42.14.4101.00.30.40.0-1.8-1.299.8
               
10 to 33Manufacturing Industries2,942.9146.5157.668.3-160.9211.43,154.294.093.6-7.6-287.2-107.23,047.1
               
05 to 09Mining and quarrying76.9-15.711.711.6-6.80.877.7-12.4-0.31.3-6.2-17.660.0
               
05 to 33Transportable Goods Industries3,019.7130.7169.379.9-167.8212.23,231.981.693.3-6.3-293.4-124.83,107.1
               
35Electricity, gas, steam and air-conditioning supply3.00.00.00.00.00.03.00.00.00.00.00.03.0
36 to 39Water supply, sewerage and waste management 9.93.60.11.1-1.03.813.81.6-1.91.5-1.00.214.0
               
05 to 39Industries3,032.7134.4169.481.0-168.8216.03,248.783.291.4-4.7-294.4-124.63,124.1
               
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 20102011Closing level 20112012Closing level 2012
          
          
Q1Q2Q3Q4YearQ1Q2Q3Q41Year1
               
               
10Food Products58.88.80.6-1.3-11.1-3.055.88.15.22.8-7.68.564.3
11Beverages216.013.28.53.010.034.7250.69.27.9-3.2-0.813.0263.7
13Textiles3.61.80.6-0.6-1.30.54.01.1-0.2-0.3-0.40.14.1
14Wearing apparel1.90.10.00.10.00.32.2-0.1-0.10.2-0.1-0.12.1
16Wood and wood products, except furniture7.43.70.2-0.4-1.61.99.31.00.6-0.9-0.8-0.19.2
               
17Paper and paper products2.60.60.2-0.1-0.40.32.90.3-0.5-0.7-0.7-1.61.4
18Printing and reproduction of recorded media6.8-0.9-1.41.7-0.3-1.05.81.6-0.7-1.1-0.4-0.65.2
20Chemicals and chemical products80.82.1-1.90.97.48.589.24.42.1-22.21.1-14.674.6
21Basic pharmaceutical products and preparations1,442.7108.924.189.5158.6381.11,823.7-311.7170.1-131.8115.1-158.21,665.5
22Rubber and plastic products7.22.41.2-2.1-0.70.87.90.2-0.1-0.1-0.5-0.57.5
               
23Other non-metallic mineral products20.4-2.6-4.1-6.6-5.3-18.51.9-0.4-6.05.10.5-0.81.2
24Basic metals16.02.7-2.4-0.31.11.117.03.60.1-0.20.33.820.9
25Fabricated metal products, except machinery and equipment55.02.5-2.2-2.2-21.6-23.631.46.96.9-5.7-6.81.232.7
26Computer, electronic and optical products229.0-24.6-9.5-5.0-20.6-59.7169.3-6.917.91.3-2.89.5178.8
27Electrical equipment11.34.2-3.40.2-0.70.311.6-0.40.5-0.6-2.5-3.08.6
               
28Machinery and equipment n.e.c.57.03.84.9-2.4-5.50.757.7-2.96.11.3-2.71.759.4
29, 30Transport equipment25.07.2-0.4-0.9-4.11.726.7-1.21.813.0-12.11.528.3
32Other manufacturing148.82.48.48.8-2.716.9165.810.3-0.23.5-7.06.6172.3
33Repair and installation of machinery and equipment11.61.01.04.01.67.619.22.13.0-3.5-1.30.219.4
12, 15, 19, 31Tobacco, leather, coke and refined petroleum products, furniture17.80.61.7-4.3-1.1-3.114.70.1-0.5-0.3-0.6-1.313.4
               
10 to 33Manufacturing Industries2,419.5137.925.881.9101.7347.42,766.9-274.6214.1-143.769.8-134.42,632.5
               
05 to 09Mining and quarrying12.7-2.2-2.31.70.7-2.010.74.8-4.9-1.2-1.4-2.78.0
               
05 to 33Transportable Goods Industries2,432.3135.823.583.6102.5345.32,777.6-269.8209.2-144.968.4-137.22,640.4
               
35Electricity, gas, steam and air-conditioning supply1.20.00.00.00.00.01.20.00.00.00.00.01.2
36 to 39Water supply, sewerage and waste management 0.8-4.1-1.90.4-1.0-6.7-5.80.9-3.7-1.30.0-4.1-9.9
               
05 to 39Industries2,434.3131.721.683.9101.4338.72,773.0-268.9205.5-146.268.4-141.22,631.7
               
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 20102011Closing level 20112012Closing level 2012
          
          
Q1Q2Q3Q4YearQ1Q2Q3Q41Year1
               
               
10Food Products50.612.6-7.221.25.932.683.214.7-15.112.214.526.2109.5
11Beverages30.5-0.21.522.9-23.30.831.3-1.7-4.0-3.5-3.0-12.219.1
13Textiles4.30.71.60.10.63.07.3-0.2-1.30.5-0.5-1.55.8
14Wearing apparel5.80.00.00.00.00.05.80.00.00.00.00.05.8
16Wood and wood products, except furniture8.41.4-0.20.5-0.21.59.82.4-3.31.20.70.910.8
               
17Paper and paper products3.6-0.22.1-0.7-0.70.54.10.10.1-0.30.10.04.1
18Printing and reproduction of recorded media2.00.2-0.40.00.0-0.11.90.00.03.42.96.38.1
20Chemicals and chemical products7.0-14.2-10.213.822.111.518.4-9.1-16.4-0.618.5-7.610.8
21Basic pharmaceutical products and preparations7.0-4.20.01.5-0.1-2.94.20.82.81.21.15.910.1
22Rubber and plastic products5.30.4-0.1-0.4-1.1-1.14.21.50.40.00.12.16.3
               
23Other non-metallic mineral products9.03.5-3.0-1.2-0.2-1.08.00.6-10.80.6-1.3-10.9-2.9
24Basic metals2.3-1.40.0-0.6-0.4-2.4-0.12.8-0.80.2-0.81.51.3
25Fabricated metal products, except machinery and equipment5.90.92.20.31.75.111.05.48.30.85.219.730.7
26Computer, electronic and optical products6.071.313.219.1-6.896.9102.9-1.76.452.0-24.632.1135.0
27Electrical equipment0.7-0.30.01.61.22.43.20.1-0.22.14.86.910.0
               
28Machinery and equipment n.e.c.12.5-1.7-1.21.4-1.8-3.39.20.23.4-1.2-1.01.510.7
29, 30Transport equipment7.97.3-0.70.2-0.56.314.3-0.80.40.2-0.8-1.113.2
32Other manufacturing12.75.61.8-3.3-2.71.414.11.0-8.5-3.11.1-9.54.6
33Repair and installation of machinery and equipment5.10.70.1-0.4-0.30.15.20.80.1-0.3-0.30.35.6
12, 15, 19, 31Tobacco, leather, coke and refined petroleum products, furniture4.20.71.3-0.11.43.47.60.10.8-0.31.82.410.0
               
10 to 33Manufacturing Industries190.883.20.776.1-5.1154.8345.616.9-37.665.218.362.8408.4
               
05 to 09Mining and quarrying11.0-1.414.510.9-13.510.421.4-11.73.712.9-13.4-8.512.9
               
05 to 33Transportable Goods Industries201.881.715.287.0-18.6165.3367.15.2-33.978.15.054.3421.3
               
35Electricity, gas, steam and air-conditioning supply9.60.00.00.01.21.210.80.0-0.60.7-0.3-0.210.6
36 to 39Water supply, sewerage and waste management 1.00.60.30.51.63.04.00.60.70.40.11.85.8
               
05 to 39Industries212.482.315.587.5-15.9169.4381.85.7-33.879.24.856.0437.8
               
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.

 

NACE division 15 has now been combined with divisions 12, 19 and 31 for confidentiality reasons. 

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