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For more information on this release:
E-mail: sts_rap@cso.ie Stephanie Kelleher (+353) 21 453 5123 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 Visit StatCentral.ie, the portal to Ireland's official statistics On-line ISSN 2009-5082
CSO statistical release, 14 September 2017, 11am

Capital Assets in Industry

Quarter 2 2017 (Provisional) Quarter 1 2017 (Final)

 All Industries
 Capital Assets
 Q2 2016Q2 2017
 €m€m
Capital Acquisitions1,889.01,606.9
Capital Sales25.351.6

Capital Acquisitions of €1,606.9m in the second quarter of 2017

Figure 1 Total Capital Acquisitions
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Capital acquisitions in industry in the second quarter of 2017 were €1,606.9m compared with €1,889.0m in the second quarter of 2016.

Capital sales in the second quarter of 2017 were €51.6m compared with €25.3m in the second quarter of 2016.

From Q3 2017 (Provisional) and Q2 2017 (Final) all related data will be only available on our Statbank
Business SectorsAcquisitionsDisposals
Computer, Electronic and optical products, Other manufacturing275.82.6
Chemicals and chemical products, Basic Pharmaceutical products and preparations831.820.5
Food Products, Beverages60.78.4
Manufacturing Industries1282.646.7
Transportable Goods Industries1296.449.7
All Industries 1606.951.6
Table 1 Total capital acquisitions in industry (€ million)
  201520162017
NACE Rev 2 CodeDescriptionQ1Q2Q3Q4YearQ1Q2Q3Q4YearQ1Q21
10, 11Food products, beverages111.995.067.3134.6408.794.461.264.8138.7359.257.960.7
13Textiles0.40.21.21.63.50.60.50.31.02.30.62.7
14Wearing apparel0.00.00.00.00.10.60.70.00.11.40.10.1
16Wood and wood products, except furniture3.72.24.44.915.22.44.25.55.817.92.76.4
17Paper and paper products1.93.25.42.412.82.63.21.44.912.28.04.5
18Printing and reproduction of recorded media1.23.15.01.310.62.53.15.54.415.50.58.7
20, 21Chemicals and chemical products, basic pharmaceutical products and preparations193.8236.8765.9586.51,783.0640.6873.3414.81,100.93,029.6673.4831.8
22Rubber and plastic products10.013.118.98.951.010.112.18.118.248.514.424.2
23Other non-metallic mineral products11.021.913.316.162.416.29.98.616.751.514.117.4
24, 25Basic metals, fabricated metal products, except machinery and equipment 12.74.135.320.172.15.713.910.919.049.524.616.0
27Electrical equipment0.95.94.00.611.42.28.95.07.323.4*4.4
28Machinery and equipment n.e.c.5.97.89.514.737.99.48.021.221.760.2*20.8
26, 32Computer, electronic and optical products, other manufacturing555.9558.8467.1504.52,086.3873.9543.9217.3235.41,870.6196.3275.8
12, 15, 19, 29-31,33Tobacco, leather, coke and refined petroleum products, transport equipment, furniture, repair and instalation of machinery and equipment15.64.017.314.251.014.315.29.211.750.313.69.2
10 to 33Manufacturing Industries924.7956.21,414.61,310.44,605.91,675.41,558.2772.71,585.85,592.01,105.41,282.6
05 to 09Mining and quarrying8.111.59.715.745.013.913.111.616.755.313.413.8
05 to 33Transportable Goods Industries932.9967.71,424.41,326.14,651.01,689.21,571.2784.31,602.55,647.31,118.81,296.4
35Electricity, gas, steam and air-conditioning supply174.8336.9331.3210.21,053.2212.1310.1287.9415.01,225.1272.6300.5
36 to 39Water supply, sewerage and waste management 8.64.912.05.831.28.87.69.711.737.812.39.9
05 to 39All Industries1,116.21,309.61,767.61,542.15,735.51,910.11,889.01,081.92,029.36,910.31,403.71,606.9
1 Preliminary estimates
* Some data has been suppressed for confidentiality reasons. This will be reviewed on an ongoing basis.
Table 2 Total capital sales in industry (€ million)
  201520162017
NACE Rev 2 CodeDescriptionQ1Q2Q3Q4YearQ1Q2Q3Q4YearQ1Q21
10, 11Food products, Beverages1.67.75.18.022.42.80.62.02.37.730.18.4
13Textiles0.00.00.00.00.10.00.00.00.20.30.10.0
14Wearing apparel0.00.00.00.00.00.00.00.00.00.00.00.0
16Wood and wood products, except furniture2.52.00.62.88.00.00.00.80.51.30.01.2
17Paper and paper products0.00.00.30.30.60.10.10.00.60.80.01.4
18Printing and reproduction of recorded media0.70.52.53.57.20.30.10.30.91.60.16.8
20, 21Chemicals and chemical products, basic pharmaceutical products and preparations7.11.681.9132.9223.50.30.1*6.6**20.5
22Rubber and plastic products1.60.11.80.94.40.40.10.20.10.80.50.5
23Other non-metallic mineral products2.22.84.62.612.20.54.12.67.614.81.10.9
24, 25Basic metals, Fabricated metal products, except machinery and equipment 0.40.10.20.71.50.62.90.21.55.23.80.2
27Electrical equipment0.10.00.00.20.4*0.0***0.61.5
28Machinery and equipment n.e.c.0.00.30.01.41.82.12.50.30.45.30.50.8
26, 32Computer, electronic and optical products, other manufacturing11.80.60.20.212.8**0.9***2.6
12, 15, 19, 29-31,33Tobacco, leather, coke and refined petroleum products, transport equipment, furniture, repair and instalation of machinery and equipment4.46.92.04.417.610.05.1*0.3*4.01.8
10 to 33Manufacturing Industries32.422.799.2158.1312.439.120.821.528.5110.0*46.7
05 to 09Mining and quarrying0.11.30.54.26.0*1.20.9**2.33.0
05 to 33Transportable Goods Industries32.424.099.7162.2318.444.822.022.429.0118.2*49.7
35Electricity, gas, steam and air-conditioning supply0.20.10.70.31.3***0.2*0.00.2
36 to 39Water supply, sewerage and waste management 0.50.31.52.95.20.01.20.31.32.90.81.7
05 to 39All Industries33.224.4101.8165.5324.950.925.327.030.5133.7*51.6
1 Preliminary estimates
* Some data has been suppressed for confidentiality reasons. This will be reviewed on an ongoing basis.

Background Notes

Introduction

This release details quarterly acquisitions and sales of capital assets 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 acquisitions and sales of capital assets by all industrial enterprises with 3+ persons engaged, and are shown at current values (seasonally unadjusted). 

The capital acquisitions series are short-term indicators of trends, and are subject to revision when the annual Census of Industrial Production (CIP) results become available. Note, however, that the CIP variable "additions to capital assets" includes capitalised Research & Development (R&D), which is not included in this release.

Scope

The inquiry covers all enterprises with 20 or more persons engaged in the Mining, Manufacturing, Energy and Waste Management sectors. The survey, of approximately 2,000 enterprises, accounts for over 95% of capital acquisitions by enterprises with 3 or more persons engaged (as measured by the CIP).

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.

Methodology

Estimates are made for non-response. For each non-responding enterprise, capital acquisitions data are imputed from returns for that enterprise in previous quarters or to the CIP. Where no historical data are available, estimates are made as follows: the sample is classified into relatively homogeneous cells defined by NACE division and employment size, and the cell ratio acquisitions per person (calculated from the aggregated respondent values in the non-respondent's cell) is applied to the employment for the non-respondent. The estimation procedure for capital sales is similar.

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

Capital assets refers to physical assets, or computer software, with a useful life of more than one year intended to be used by the enterprise itself. The figures in this release are therefore exclusive of capitalised Research & Development.

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 capital assets 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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