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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 On-line ISSN 2009-5090
CSO statistical release, , 11am

Industrial Stocks

Quarter 2 2016 (Provisional) Quarter 1 2016 (Final)

 All Industries
 Changes in Stocks held
 Q1 2016Q2 2016
 €m€m
Materials & Fuel-204.3-140.0
Finished Goods-136.1-148.4
Work-in-Progress-232.9341.0
Goods Purchased for Resale-62.7-90.8
Total Stocks-636.1-38.2

Value of Industrial Stocks fell €38.2m in second quarter of 2016

Total Stock Changes
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The value of total stocks held by industry decreased by €38.2m in the second quarter of 2016, following a decrease of €636.1m in the first quarter of 2016. See Table 1.

The principal reasons for the second quarter change in the value of stocks were decreases of €148.4m and €140.0m respectively in Finished Goods stocks and Materials & Fuel stocks. See Tables 2-5.

 

Business SectorsQ12016Q22016
Materials & Fuel-204.3-140
Finished Goods-136.1-148.4
Work-in-Progress-232.9341
Finished Goods & Work-in-Progress-369192.6
Goods Purchased for Resale-62.7-90.8
Total Stocks-636.1-38.2
Table 1 Change in value of stocks held in industry (€ million)
                 
                 
NACE Rev 2 CodeDescriptionCIP Closing level 20132014Closing level 20142015Closing level 20152016
            
            
Q1Q2Q3Q4YearQ1Q2Q3Q4YearQ1Q21
                 
                
10, 11Food Products, beverages1,436.552.171.2112.4-222.213.61,450.1156.1141.2116.5-363.650.21,500.332.873.4
13Textiles36.11.50.5-2.0-0.2-0.136.13.11.4-3.11.53.039.0-2.2-0.8
14Wearing apparel22.50.10.10.10.10.422.90.60.2-0.6-0.3-0.222.70.50.6
16Wood and wood products, except furniture78.51.41.84.57.114.793.26.64.3-1.62.511.8105.07.2-2.2
                 
17Paper and paper products33.8-0.83.0-0.4-0.81.034.71.31.71.6-0.44.238.91.81.5
18Printing and reproduction of recorded media33.24.3-14.6-1.11.3-10.123.12.23.44.2-3.56.329.45.81.8
20, 21Chemicals and chemical products, basic pharmaceutical products and preparations4,494.2183.3-149.786.7299.7420.14,914.3423.5-86.0-87.1685.3935.65,850.0....
22Rubber and plastic products151.89.8-2.3-3.6-0.93.0154.83.97.79.94.125.6180.42.83.6
                 
23Other non-metallic mineral products177.421.3-0.7-8.3-1.111.3188.82.614.21.814.032.6221.4-4.02.3
24, 25Basic metals, fabricated metal products, except machinery and equipment285.213.718.626.08.266.5351.713.2-13.722.6-33.4-11.2340.416.0-9.8
27Electrical equipment75.70.3-0.11.3-1.20.476.11.42.03.70.57.683.7-16.6-15.1
                 
28Machinery and equipment n.e.c.283.623.012.636.2-8.263.6347.231.06.93.9-12.329.6376.8....
26, 32Computer, electronic and optical products, other manufacturing1,160.442.1-58.887.1-80.7-10.31,150.062.5245.5144.559.4511.91,661.9....
12, 15, 19, 29-31, 33Tobacco, leather, coke and refined petroleum products, transport equipment, furniture, repair and installation of machinery and equipment430.0-10.1-1.448.3-2.634.2464.246.4-35.441.116.168.3532.424.6-55.8
                 
10 to 33Manufacturing Industries8,699.0342.0-119.7387.2-1.4608.19,307.1754.3293.5257.4369.91,675.210,982.3-580.1-33.7
                 
05 to 09Mining and quarrying130.8-25.08.521.5-11.1-6.1124.8-13.513.618.4-9.78.9133.7-18.94.1
                 
05 to 33Transportable Goods Industries8,829.9317.0-111.2408.8-12.6602.09,431.9740.8307.1275.8360.31,684.011,116.0-599.0-29.6
                 
35Electricity, gas, steam and air-conditioning supply191.5-52.453.4-58.94.2-53.7137.8-1.6-4.211.1-1.24.1141.9-36.8-7.2
36 to 39Water supply, sewerage and waste management 32.70.9-9.83.6-4.8-10.222.5-4.10.5-3.2-2.3-9.013.5-0.3-1.4
                 
05 to 39All Industries9,054.0265.5-67.6353.5-13.2538.19,592.2735.1303.4283.8356.81,679.111,271.3-636.1-38.2
                 
1 Preliminary estimates              
.. Some data has been suppressed for confidentiality reasons. This will be reviewed on an ongoing basis.
Table 2 Change in value of stocks of materials and fuel held in industry (€ million)
                 
                
NACE Rev 2 CodeDescriptionCIP Closing level 20132014Closing level 20142015Closing level 20152016
            
           
Q1Q2Q3Q4YearQ1Q2Q3Q4YearQ1Q21
                 
               
10, 11Food Products, beverages539.620.7-28.524.140.156.4596.022.2-13.412.817.338.9634.9-37.1-7.9
13Textiles16.62.1-0.1-0.4-0.41.217.81.50.4-2.10.80.518.3-0.1-2.5
14Wearing apparel7.30.00.00.00.00.17.40.20.1-0.60.1-0.17.30.3-0.3
16Wood and wood products, except furniture37.1-1.30.92.2-0.31.638.72.22.2-2.3-0.61.640.30.52.8
                 
17Paper and paper products20.8-1.50.0-0.5-0.5-2.418.4-0.40.71.00.62.020.40.81.5
18Printing and reproduction of recorded media16.4-10.11.6-0.12.2-6.59.9-0.82.63.4-3.81.411.3-0.42.0
20, 21Chemicals and chemical products, basic pharmaceutical products and preparations923.836.449.094.0197.0376.41,300.233.5-129.998.1172.3174.11,474.3....
22Rubber and plastic products78.23.3-2.8-4.40.3-3.774.55.36.33.21.516.390.83.51.0
                 
23Other non-metallic mineral products90.710.8-1.8-3.9-10.3-5.185.610.01.5-2.24.313.599.13.3-2.3
24, 25Basic metals, fabricated metal products, except machinery and equipment141.94.79.513.41.228.8170.75.1-8.014.9-16.4-4.5166.28.7-22.6
27Electrical equipment39.2-0.3-0.72.2-0.21.040.2-0.81.80.43.54.845.0-1.911.0
                 
28Machinery and equipment n.e.c.163.418.010.113.2-2.738.5202.023.6-1.10.0-5.816.7218.6....
26, 32Computer, electronic and optical products, other manufacturing463.210.132.147.2-29.559.8523.148.7194.1110.824.4377.9901.0....
12, 15, 19, 29-31, 33Tobacco, leather, coke and refined petroleum products, transport equipment, furniture, repair and installation of machinery and equipment247.1-9.7-7.948.9-6.424.9272.114.2-46.1-20.593.441.1313.2-22.3-64.9
                 
10 to 33Manufacturing Industries2,785.383.461.3235.9190.6571.23,356.5164.611.3216.9291.4684.24,040.7-168.3-129.7
                 
05 to 09Mining and quarrying36.4-2.72.0-1.90.2-2.533.90.7-0.7-1.30.3-1.032.91.0-2.2
                 
05 to 33Transportable Goods Industries2,821.780.763.3234.0190.8568.73,390.4165.310.6215.6291.7683.24,073.6-167.3-132.0
                 
35Electricity, gas, steam and air-conditioning supply176.2-52.454.5-57.84.0-51.7124.5-0.1-3.711.1-1.26.1130.6-36.7-7.0
36 to 39Water supply, sewerage and waste management 16.8-0.4-5.83.6-2.1-4.811.9-1.62.5-1.6-0.9-1.510.4-0.3-1.1
                 
05 to 39All Industries3,014.627.9112.0179.8192.6512.23,526.8163.69.5225.1289.6687.84,214.6-204.3-140.0
                 
1 Preliminary estimates             
.. Some data has been suppressed for confidentiality reasons. This will be reviewed on an ongoing basis.
Table 3 Change in value of finished goods held in industry (€ million)
                 
                 
NACE Rev 2 CodeDescriptionCIP Closing level 20132014Closing level 20142015Closing level 20152016
            
            
Q1Q2Q3Q4YearQ1Q2Q3Q4YearQ1Q21
                 
                
10, 11Food Products, beverages608.31.096.774.8-250.0-77.5530.862.2175.674.6-391.0-78.6452.130.093.7
13Textiles14.30.70.6-0.90.40.715.00.11.8-1.10.61.416.5-0.41.7
14Wearing apparel3.50.10.10.00.00.23.70.2-0.40.2-0.3-0.33.50.10.8
16Wood and wood products, except furniture37.10.93.3-1.75.27.845.01.71.4-1.42.44.249.21.9-4.6
                 
17Paper and paper products9.60.42.00.3-0.32.512.02.30.60.2-1.02.114.20.80.4
18Printing and reproduction of recorded media14.30.1-1.51.7-0.5-0.214.14.50.00.50.45.319.55.0-0.3
20, 21Chemicals and chemical products, basic pharmaceutical products and preparations811.412.00.738.367.8118.8930.2238.7-18.182.225.1328.01,258.2....
22Rubber and plastic products61.26.5-0.20.9-1.65.566.7-2.20.33.83.35.271.9-0.30.4
                 
23Other non-metallic mineral products58.63.9-1.0-3.8-0.7-1.756.95.75.6-1.6-1.28.565.43.81.5
24, 25Basic metals, fabricated metal products, except machinery and equipment38.8-3.714.110.312.232.971.63.0-7.510.2-9.4-3.668.0-3.014.1
27Electrical equipment15.6-1.30.8-0.5-1.0-2.113.50.1-0.6-0.11.40.714.31.2-0.2
                 
28Machinery and equipment n.e.c.56.81.10.615.10.517.374.12.2-0.64.5-2.04.178.2....
26, 32Computer, electronic and optical products, other manufacturing389.92.4-70.422.3-13.8-59.4330.5-50.946.334.120.249.8380.2....
12, 15, 19, 29-31, 33Tobacco, leather, coke and refined petroleum products, transport equipment, furniture, repair and installation of machinery and equipment97.0-5.5-2.02.12.5-3.094.0-4.1-1.07.82.85.499.4-7.3-0.7
                 
10 to 33Manufacturing Industries2,216.318.643.7158.9-179.341.92,258.2263.6203.5214.0-348.8332.22,590.4-122.0-154.2
                 
05 to 09Mining and quarrying53.7-12.95.617.7-2.28.261.9-10.97.617.5-6.77.569.3-14.36.1
                 
05 to 33Transportable Goods Industries2,270.05.749.3176.6-181.550.12,320.0252.7211.1231.5-355.6339.72,659.7-136.3-148.1
                 
35Electricity, gas, steam and air-conditioning supply15.20.00.00.00.00.015.20.00.00.00.00.015.20.00.0
36 to 39Water supply, sewerage and waste management 2.60.91.4-0.6-1.30.43.0-1.61.8-0.6-0.5-0.92.10.2-0.2
                 
05 to 39All Industries2,287.7-236.7164.820.3-185.3-237.02,338.2251.1212.9230.9-356.1338.82,677.0-136.1-148.4
                 
1 Preliminary estimates              
.. Some data has been suppressed for confidentiality reasons. This will be reviewed on an ongoing basis.
Table 4 Change in value of stocks of work-in-progress goods held in industry (€ million)
                 
                 
NACE Rev 2 CodeDescriptionCIP Closing level 20132014Closing level 20142015Closing level 20152016
            
            
Q1Q2Q3Q4YearQ1Q2Q3Q4YearQ1Q21
                 
                
10, 11Food Products, beverages250.711.713.016.8-10.231.2281.928.7-0.915.80.844.4326.324.68.1
13Textiles2.60.00.3-0.1-0.4-0.12.50.80.3-0.42.12.95.3-1.50.2
14Wearing apparel1.10.00.00.00.00.11.20.10.10.00.00.21.40.10.0
16Wood and wood products, except furniture2.72.4-1.03.81.87.19.72.60.41.51.35.815.54.1-0.8
                 
17Paper and paper products2.20.10.0-0.2-0.2-0.31.90.10.40.50.21.23.0-0.10.2
18Printing and reproduction of recorded media2.915.2-14.20.3-0.90.33.2-0.70.90.4-0.8-0.23.01.11.0
20, 21Chemicals and chemical products, basic pharmaceutical products and preparations2,670.5203.8-159.82.7-26.020.72,691.3195.058.4-274.3461.0440.03,131.3....
22Rubber and plastic products9.20.20.31.10.42.011.20.70.42.9-0.33.714.90.3-0.1
                 
23Other non-metallic mineral products15.63.20.21.17.912.528.0-13.25.94.19.66.534.5-10.02.7
24, 25Basic metals, fabricated metal products, except machinery and equipment74.17.8-5.62.9-4.70.574.6-0.9-1.21.3-6.6-7.567.18.7-1.7
27Electrical equipment19.61.2-1.60.60.10.319.82.00.83.5-4.41.921.70.3-0.6
                 
28Machinery and equipment n.e.c.44.34.31.94.9-5.45.750.05.96.31.8-3.710.460.4....
26, 32Computer, electronic and optical products, other manufacturing272.418.8-11.710.6-19.3-1.6270.840.515.216.110.582.3353.1....
12, 15, 19, 29-31, 33Tobacco, leather, coke and refined petroleum products, transport equipment, furniture, repair and installation of machinery and equipment62.15.67.9-7.5-1.94.166.237.211.951.1-83.217.083.152.116.6
                 
10 to 33Manufacturing Industries3,429.8274.4-170.337.1-58.882.43,512.2298.998.8-175.6386.5608.54,120.7-234.2340.8
                 
05 to 09Mining and quarrying17.8-0.5-3.41.00.7-2.115.7-1.12.2-2.2-1.4-2.413.31.20.1
                 
05 to 33Transportable Goods Industries3,447.7273.9-173.738.1-58.280.23,527.9297.8101.0-177.8385.1606.04,133.9-233.0340.9
                 
35Electricity, gas, steam and air-conditioning supply0.60.00.00.00.00.00.60.00.00.00.00.00.60.00.0
36 to 39Water supply, sewerage and waste management 12.80.3-4.80.6-1.6-5.57.3-1.3-1.4-0.8-1.1-4.62.70.00.0
                 
05 to 39All Industries3,461.1274.3-178.538.7-59.774.73,535.8296.599.6-178.6384.0601.44,137.3-232.9341.0
                 
1 Preliminary estimates              
.. Some data has been suppressed for confidentiality reasons. This will be reviewed on an ongoing basis.
Table 5 Change in value of stocks of goods purchased for resale held in industry (€ million)
                 
                 
NACE Rev 2 CodeDescriptionCIP Closing level 20132014Closing level 20142015Closing level 20152016
            
            
Q1Q2Q3Q4YearQ1Q2Q3Q4YearQ1Q21
                 
                
10, 11Food Products, beverages38.018.7-10.0-3.3-2.03.541.542.9-20.113.39.445.586.915.3-20.5
13Textiles2.7-1.3-0.2-0.60.2-1.90.80.8-1.10.5-2.0-1.9-1.1-0.2-0.3
14Wearing apparel10.60.00.00.00.00.010.60.00.3-0.30.00.010.60.00.0
16Wood and wood products, except furniture1.6-0.7-1.50.00.3-1.9-0.30.00.30.6-0.60.30.00.80.3
                 
17Paper and paper products1.20.11.0-0.10.11.22.4-0.80.0-0.2-0.1-1.11.30.2-0.5
18Printing and reproduction of recorded media-0.5-0.9-0.5-3.00.6-3.7-4.2-0.8-0.1-0.10.8-0.3-4.50.2-0.9
20, 21Chemicals and chemical products, basic pharmaceutical products and preparations88.5-68.9-39.6-48.261.0-95.8-7.3-43.83.66.826.9-6.5-13.8....
22Rubber and plastic products3.3-0.20.5-1.20.0-0.92.40.10.70.0-0.40.42.8-0.72.4
                 
23Other non-metallic mineral products12.63.41.9-1.72.05.718.20.11.31.51.34.222.4-1.10.3
24, 25Basic metals, fabricated metal products, except machinery and equipment30.54.80.6-0.6-0.54.334.85.93.0-3.7-0.94.439.21.60.4
27Electrical equipment1.40.71.4-1.00.01.22.50.10.00.00.00.22.7-16.2-25.3
                 
28Machinery and equipment n.e.c.19.1-0.4-0.13.1-0.62.021.1-0.62.2-2.4-0.8-1.519.6....
26, 32Computer, electronic and optical products, other manufacturing34.910.7-8.77.0-18.2-9.225.724.2-10.1-16.64.31.927.6....
12, 15, 19, 29-31, 33Tobacco, leather, coke and refined petroleum products, transport equipment, furniture, repair and installation of machinery and equipment23.8-0.50.64.93.28.232.0-0.9-0.22.73.04.736.72.0-6.8
                 
10 to 33Manufacturing Industries267.6-34.4-54.4-44.646.0-87.4180.227.3-20.02.240.950.3230.5-55.6-90.6
                 
05 to 09Mining and quarrying22.9-8.94.34.7-9.7-9.613.3-2.24.54.4-1.84.818.1-6.80.1
                 
05 to 33Transportable Goods Industries290.6-43.3-50.1-39.936.3-97.0193.625.0-15.56.639.155.1248.7-62.4-90.5
                 
35Electricity, gas, steam and air-conditioning supply-0.50.0-1.1-1.10.2-2.0-2.5-1.5-0.50.00.0-2.0-4.5-0.1-0.2
36 to 39Water supply, sewerage and waste management 0.50.1-0.50.00.1-0.30.30.4-2.4-0.20.2-2.0-1.7-0.2-0.1
                 
05 to 39All Industries290.6-43.3-51.7-41.036.7-99.3191.323.9-18.56.439.351.1242.4-62.7-90.8
                 
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 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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