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E-mail: sts_rap@cso.ie Stephanie Kelleher (+353) 21 453 5123 Alan Finlay (+353) 21 453 5211 Lillian Tobin (+353) 21 453 5585
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CSO statistical release, 14 September 2017, 11am

Industrial Stocks

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

 All Industries
 Changes in Stocks held
 Q1 2017Q2 2017
 €m€m
Materials & Fuel395.5134.8
Finished Goods-1,509.2-930.9
Work-in-Progress323.1-4.9
Goods Purchased for Resale25.43.3
Total Stocks-765.3-797.7

Value of Industrial Stocks fell by €797.7m in second quarter of 2017

Figure 1 Total Stock Changes
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The value of total stocks held by industry decreased by €797.7m in the second quarter of 2017, following a decrease of €765.3m in the first quarter of 2017. See Table 1.

The principal reason for the second quarter change in the value of stocks was a decrease of €930.9m in Finished goods stocks. See Tables 2-5.

 

From Q3 2017 (Provisional) and Q2 2017 (Final) all related data will be only available on our Statbank.

 

 

Business SectorsQ12017Q22017
Materials & Fuel395.3135
Finished Goods-1509.1-930.9
Work-in-Progress323-4.8
Finished Goods & Work-in-Progress-1186.1935.7
Goods Purchased for Resale25.43.3
Total Stocks-765.5-797.4
Table 1 Change in value of stocks held in industry (€ million)
  Closing level 20142015Closing level 20152016Closing level 20162017
NACE Rev 2 CodeDescriptionQ1Q2Q3Q4YearQ1Q2Q3Q4YearQ1Q21
10, 11Food Products, beverages1,450.1156.1141.2116.5-363.650.21,500.332.877.841.9-115.337.21,537.553.567.1
13Textiles36.13.11.4-3.11.53.039.0-2.2-0.6-1.8-0.6-5.233.8-1.80.0
14Wearing apparel22.90.60.2-0.6-0.3-0.222.70.50.7-0.70.81.223.90.50.5
16Wood and wood products, except furniture93.26.64.3-1.62.511.8105.07.2-9.0-2.16.52.5107.5-1.5-4.1
17Paper and paper products34.71.31.71.6-0.44.238.91.81.33.5-2.04.543.42.90.7
18Printing and reproduction of recorded media23.12.23.44.2-3.56.329.45.81.63.6-1.59.638.95.85.7
20, 21Chemicals and chemical products, basic pharmaceutical products and preparations4,914.3423.5-86.0-87.1685.3935.65,850.0********
22Rubber and plastic products154.83.97.79.94.125.6180.42.8-0.77.11.811.0191.46.5-0.8
23Other non-metallic mineral products188.82.614.21.814.032.6221.4-4.01.46.00.13.5224.9-2.7-3.9
24, 25Basic metals, fabricated metal products, except machinery and equipment351.713.2-13.722.6-33.4-11.2340.416.021.3-2.713.448.0388.44.026.4
27Electrical equipment76.11.42.03.70.57.683.7-16.6-4.55.3-0.8-16.567.23.56.3
28Machinery and equipment n.e.c.347.231.06.93.9-12.329.6376.8********
26, 32Computer, electronic and optical products, other manufacturing1,150.062.5245.5144.559.4511.91,661.9********
12, 15, 19, 29-31, 33Tobacco, leather, coke and refined petroleum products, transport equipment, furniture, repair and installation of machinery and equipment464.246.4-35.441.116.168.3532.424.6-57.537.013.517.6550.0-1.8-81.6
10 to 33Manufacturing Industries9,307.1754.3293.5257.4369.91,675.210,982.3-580.113.4464.9587.9486.111,468.5-773.9-802.3
05 to 09Mining and quarrying124.8-13.513.618.4-9.78.9133.7-18.95.64.6***-16.96.7
05 to 33Transportable Goods Industries9,431.9740.8307.1275.8360.31,684.011,116.0-599.019.0469.5565.6455.211,571.2-790.1-795.6
35Electricity, gas, steam and air-conditioning supply137.8-1.6-4.211.1-1.24.1141.9-36.8-5.59.9-23.2-55.686.324.30.6
36 to 39Water supply, sewerage and waste management 22.5-4.10.5-3.2-2.3-9.013.5-0.3-1.2-0.4-0.7-2.610.90.5-2.7
05 to 39All Industries9,592.2735.1303.4283.8356.81,679.111,271.3-636.112.4479.1541.7397.111,668.4-765.3-797.7
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 CodeDescriptionClosing level 20142015Closing level 20152016Closing level 20162017
Q1Q2Q3Q4YearQ1Q2Q3Q4YearQ1Q21
10, 11Food Products, beverages596.022.2-13.412.817.338.9634.9-37.120.1-23.6-69.4-110.1524.8-24.1-60.4
13Textiles17.81.50.4-2.10.80.518.3-0.1-2.3-0.1-1.0-3.414.9-0.8-0.3
14Wearing apparel7.40.20.1-0.60.1-0.17.30.3-0.2-0.40.40.17.4-0.4-0.2
16Wood and wood products, except furniture38.72.22.2-2.3-0.61.640.30.51.9-3.86.44.945.20.51.2
17Paper and paper products18.4-0.40.71.00.62.020.40.81.33.1-0.64.524.92.40.4
18Printing and reproduction of recorded media9.9-0.82.63.4-3.81.411.3-0.41.8-0.7-0.10.712.04.4-0.4
20, 21Chemicals and chemical products, basic pharmaceutical products and preparations1,300.233.5-129.998.1172.3174.11,474.3********
22Rubber and plastic products74.55.36.33.21.516.390.83.5-1.91.5-3.00.291.06.5-0.1
23Other non-metallic mineral products85.610.01.5-2.24.313.599.13.3-2.72.3-3.4-0.598.65.5-4.7
24, 25Basic metals, fabricated metal products, except machinery and equipment170.75.1-8.014.9-16.4-4.5166.28.74.4-2.68.318.9185.15.616.2
27Electrical equipment40.2-0.81.80.43.54.845.0-1.91.75.1-4.10.845.91.55.7
28Machinery and equipment n.e.c.202.023.6-1.10.0-5.816.7218.6********
26, 32Computer, electronic and optical products, other manufacturing523.148.7194.1110.824.4377.9901.0********
12, 15, 19, 29-31, 33Tobacco, leather, coke and refined petroleum products, transport equipment, furniture, repair and installation of machinery and equipment272.114.2-46.1-20.593.441.1313.2-22.3-64.5-16.6-1.0-104.4208.8-0.1-63.1
10 to 33Manufacturing Industries3,356.5164.611.3216.9291.4684.24,040.7-168.3-45.6374.6805.3966.15,006.7370.8131.0
05 to 09Mining and quarrying33.90.7-0.7-1.30.3-1.032.91.0-2.2-2.8***-1.42.6
05 to 33Transportable Goods Industries3,390.4165.310.6215.6291.7683.24,073.6-167.3-47.8371.8801.1957.75,031.3369.4133.6
35Electricity, gas, steam and air-conditioning supply124.5-0.1-3.711.1-1.26.1130.6-36.7-5.38.5-16.5-49.980.726.02.2
36 to 39Water supply, sewerage and waste management 11.9-1.62.5-1.6-0.9-1.510.4-0.3-0.50.1-0.1-0.79.70.1-0.1
05 to 39All Industries3,526.8163.69.5225.1289.6687.84,214.6-204.3-53.6380.4784.6907.15,121.7395.5134.8
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 CodeDescriptionClosing level 20142015Closing level 20152016Closing level 20162017
Q1Q2Q3Q4YearQ1Q2Q3Q4YearQ1Q21
10, 11Food Products, beverages530.862.2175.674.6-391.0-78.6452.130.035.858.4-54.469.8521.910.969.5
13Textiles15.00.11.8-1.10.61.416.5-0.41.8-1.6-0.3-0.516.0-0.10.4
14Wearing apparel3.70.2-0.40.2-0.3-0.33.50.10.7-0.70.40.54.00.70.6
16Wood and wood products, except furniture45.01.71.4-1.42.44.249.21.9-9.30.13.7-3.745.5-3.2-5.0
17Paper and paper products12.02.30.60.2-1.02.114.20.80.20.3-1.20.214.4-0.30.6
18Printing and reproduction of recorded media14.14.50.00.50.45.319.55.0-0.32.90.37.927.41.60.5
20, 21Chemicals and chemical products, basic pharmaceutical products and preparations930.2238.7-18.182.225.1328.01,258.2********
22Rubber and plastic products66.7-2.20.33.83.35.271.9-0.3-1.63.77.08.780.5-2.19.1
23Other non-metallic mineral products56.95.75.6-1.6-1.28.565.43.80.81.7-1.05.370.7-1.90.9
24, 25Basic metals, fabricated metal products, except machinery and equipment71.63.0-7.510.2-9.4-3.668.0-3.015.9-8.710.514.682.6-5.88.4
27Electrical equipment13.50.1-0.6-0.11.40.714.31.20.0-0.6-0.8-0.214.10.7-0.2
28Machinery and equipment n.e.c.74.12.2-0.64.5-2.04.178.2********
26, 32Computer, electronic and optical products, other manufacturing330.5-50.946.334.120.249.8380.2********
12, 15, 19, 29-31, 33Tobacco, leather, coke and refined petroleum products, transport equipment, furniture, repair and installation of machinery and equipment94.0-4.1-1.07.82.85.499.4-7.3-0.91.6-1.0-7.691.8-10.71.6
10 to 33Manufacturing Industries2,258.2263.6203.5214.0-348.8332.22,590.4-122.0-268.2190.413.4-186.42,404.0-1,510.5-928.4
05 to 09Mining and quarrying61.9-10.97.617.5-6.77.569.3-14.37.7-0.7***0.8-1.7
05 to 33Transportable Goods Industries2,320.0252.7211.1231.5-355.6339.72,659.7-136.3-260.5189.7-48.5-255.52,404.2-1,509.8-930.1
35Electricity, gas, steam and air-conditioning supply15.20.00.00.00.00.015.20.00.00.00.00.015.20.00.2
36 to 39Water supply, sewerage and waste management 3.0-1.61.8-0.6-0.5-0.92.10.2-0.20.4-0.7-0.31.80.5-0.9
05 to 39All Industries2,338.2251.1212.9230.9-356.1338.82,677.0-136.1-260.7190.1-49.2-255.82,421.2-1,509.2-930.9
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 CodeDescriptionClosing level 20142015Closing level 20152016Closing level 20162017
Q1Q2Q3Q4YearQ1Q2Q3Q4YearQ1Q21
10, 11Food Products, beverages281.928.7-0.915.80.844.4326.324.67.54.3-8.527.9354.212.25.8
13Textiles2.50.80.3-0.42.12.95.3-1.50.1-0.20.8-0.74.6-1.40.8
14Wearing apparel1.20.10.10.00.00.21.40.10.10.4-0.10.62.00.10.1
16Wood and wood products, except furniture9.72.60.41.51.35.815.54.1-1.41.9-5.1-0.614.92.4-0.6
17Paper and paper products1.90.10.40.50.21.23.0-0.10.20.0-0.3-0.22.80.5-0.5
18Printing and reproduction of recorded media3.2-0.70.90.4-0.8-0.23.01.11.01.3-2.01.44.40.41.0
20, 21Chemicals and chemical products, basic pharmaceutical products and preparations2,691.3195.058.4-274.3461.0440.03,131.3********
22Rubber and plastic products11.20.70.42.9-0.33.714.90.30.81.7-0.42.317.21.3-14.4
23Other non-metallic mineral products28.0-13.25.94.19.66.534.5-10.03.0-0.14.2-2.931.6-5.9-0.4
24, 25Basic metals, fabricated metal products, except machinery and equipment74.6-0.9-1.21.3-6.6-7.567.18.70.09.9-5.313.280.33.43.0
27Electrical equipment19.82.00.83.5-4.41.921.70.32.01.44.68.330.01.20.8
28Machinery and equipment n.e.c.50.05.96.31.8-3.710.460.4********
26, 32Computer, electronic and optical products, other manufacturing270.840.515.216.110.582.3353.1********
12, 15, 19, 29-31, 33Tobacco, leather, coke and refined petroleum products, transport equipment, furniture, repair and installation of machinery and equipment66.237.211.951.1-83.217.083.152.115.351.415.5134.4217.52.7-4.7
10 to 33Manufacturing Industries3,512.2298.998.8-175.6386.5608.54,120.7-234.2362.3-137.6-254.9-264.43,856.2324.1-5.6
05 to 09Mining and quarrying15.7-1.12.2-2.2-1.4-2.413.31.20.10.6***0.52.4
05 to 33Transportable Goods Industries3,527.9297.8101.0-177.8385.1606.04,133.9-233.0362.4-137.0-256.8-264.43,869.5324.5-3.2
35Electricity, gas, steam and air-conditioning supply0.60.00.00.00.00.00.60.00.01.5-6.7-5.1-4.5-1.6-1.6
36 to 39Water supply, sewerage and waste management 7.3-1.3-1.4-0.8-1.1-4.62.70.0-0.4-0.60.0-1.01.70.1-0.2
05 to 39All Industries3,535.8296.599.6-178.6384.0601.44,137.3-232.9361.9-136.1-263.5-270.63,866.7323.1-4.9
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 CodeDescriptionClosing level 20142015Closing level 20152016Closing level 20162017
Q1Q2Q3Q4YearQ1Q2Q3Q4YearQ1Q21
10, 11Food Products, beverages41.542.9-20.113.39.445.586.915.314.52.816.949.6136.554.652.2
13Textiles0.80.8-1.10.5-2.0-1.9-1.1-0.2-0.20.1-0.2-0.6-1.70.6-0.9
14Wearing apparel10.60.00.3-0.30.00.010.60.00.00.00.00.010.60.00.0
16Wood and wood products, except furniture-0.30.00.30.6-0.60.30.00.8-0.2-0.21.51.91.9-1.30.2
17Paper and paper products2.4-0.80.0-0.2-0.1-1.11.30.2-0.40.10.10.01.30.40.2
18Printing and reproduction of recorded media-4.2-0.8-0.1-0.10.8-0.3-4.50.2-0.90.00.3-0.4-4.9-0.54.7
20, 21Chemicals and chemical products, basic pharmaceutical products and preparations-7.3-43.83.66.826.9-6.5-13.8********
22Rubber and plastic products2.40.10.70.0-0.40.42.8-0.72.00.3-1.7-0.12.70.74.6
23Other non-metallic mineral products18.20.11.31.51.34.222.4-1.10.32.10.31.624.0-0.40.3
24, 25Basic metals, fabricated metal products, except machinery and equipment34.85.93.0-3.7-0.94.439.21.61.0-1.3-0.11.240.40.8-1.1
27Electrical equipment2.50.10.00.00.00.22.7-16.2-8.1-0.6-0.5-25.4-22.70.10.0
28Machinery and equipment n.e.c.21.1-0.62.2-2.4-0.8-1.519.6********
26, 32Computer, electronic and optical products, other manufacturing25.724.2-10.1-16.64.31.927.6********
12, 15, 19, 29-31, 33Tobacco, leather, coke and refined petroleum products, transport equipment, furniture, repair and installation of machinery and equipment32.0-0.9-0.22.73.04.736.72.0-7.40.60.0-4.731.96.3-15.3
10 to 33Manufacturing Industries180.227.3-20.02.240.950.3230.5-55.6-35.137.69.5-43.6186.941.70.6
05 to 09Mining and quarrying13.3-2.24.54.4-1.84.818.1-6.80.17.5***-15.93.4
05 to 33Transportable Goods Industries193.625.0-15.56.639.155.1248.7-62.4-35.045.169.817.5266.225.84.1
35Electricity, gas, steam and air-conditioning supply-2.5-1.5-0.50.00.0-2.0-4.5-0.1-0.2-0.10.0-0.5-5.1-0.1-0.2
36 to 39Water supply, sewerage and waste management 0.30.4-2.4-0.20.2-2.0-1.7-0.2-0.1-0.30.0-0.5-2.3-0.3-0.5
05 to 39All Industries191.323.9-18.56.439.351.1242.4-62.7-35.344.769.816.4258.825.43.3
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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