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This release has been compiled during the COVID-19 crisis. The results contained in this release reflect some of the economic impacts of the COVID-19 situation. For further information see Information Note Industrial Production and Turnover Index November 2020

CSO statistical release, , 11am

Industrial Production and Turnover

November 2020 (Provisional) October 2020 (Final)

Manufacturing Industries - Seasonally Adjusted and Unadjusted
(Base Year 2015 = 100)
 Seasonally AdjustedSeasonally Unadjusted
 Production IndexTurnover IndexProduction IndexTurnover Index
November 201994.697.3107.0107.5
October 202087.290.5124.7110.3
November 2020135.7123.8152.3136.0
Monthly % change55.736.822.123.3
Annual % change43.527.242.426.5
     
Jun 2020 - Aug 202098.9104.987.798.9
Sep 2020 - Nov 2020103.5101.5129.2116.6
% change4.7-3.347.317.9
Figures may differ due to rounding.

For September-November 2020, quarter-on-quarter production increased by 4.7% compared to the previous three-month period1

Figure 1 Manufacturing Industries Seasonally Adjusted - November 2020
go to full release

Quarter-on-quarter production increased by 4.7% for September-November 2020 compared to the previous three-month period. See Headline table and Table 3b.

On an unadjusted basis, Manufacturing Industries increased production by 22.1% in November 2020 compared to October 2020. On an annual basis, production for November 2020 was 42.4% greater than in November 2019. See Headline table and Table 1a.

On a rolling quarterly basis, the “Modern” Sector showed a quarterly increase in seasonally adjusted production of 1.5% and an annual increase of 4.5%. Furthermore, there was a quarterly increase of 4.9% in the “Traditional” Sector, and an annual decrease of 2.7%. See Table 3b.

Quarter-on-quarter turnover decreased by 3.3% for September-November 2020 compared to the previous three-month period. See Headline table and Table 5b.

On an unadjusted basis, Manufacturing Industries increased turnover by 23.3% in November 2020 compared to October 2020. On an annual basis, turnover for November 2020 was 26.5% greater than in November 2019. See Headline table and Table 4a.

Adjusted and unadjusted indices are available on CSO PxStat

1The figures from March 2020 onwards are an exception to existing seasonal patterns and have highlighted the underlying volatility of the monthly industrial production and turnover series. Seasonal adjustment is challenging in the current climate and while the seasonal adjustment models have been reviewed and changed as appropriate during 2020 (e.g. by treating the data for certain sectors as additive outliers) the underlying volatility of the data is still reflected in the seasonally adjusted series. Accordingly, the CSO recommends that, in the specific case of the Industrial Production and Turnover indices, commentary and interpretation of the results should focus mainly on the monthly unadjusted series and on the seasonally adjusted three-month moving average. The CSO will continue to review how the seasonal adjustment models are applied to the series on Industrial Production and Turnover, and may introduce revised estimates.

 

Table 1 Volume Indices of ProductionBase Year: 2015=100
  Manufacturing Industries Industries
  NACE 10 - 33 NACE 05 - 35
  Seasonally Adjusted Indices
Period Index% change on previous periodAnnual % change Index% change on previous periodAnnual % change
2017Year99.1 -2.7 99.5 -2.3
2018Year93.8 -5.3 94.6 -4.9
2019Year96.4 2.7 97.3 2.8
         
20181st quarter91.3-11.9-6.7 92.1-11.5-6.7
 2nd quarter95.54.61.6 96.14.41.7
 3rd quarter96.20.7-1.7 96.70.6-1.2
 4th quarter91.1-5.3-12.1 92.1-4.8-11.5
         
20191st quarter94.63.93.6 95.43.63.6
 2nd quarter94.80.2-0.7 96.00.7-0.1
 3rd quarter98.94.42.9 99.63.73.0
 4th quarter95.6-3.35.0 96.6-2.94.9
         
20201st quarter102.87.58.6 103.47.08.4
 2nd quarter92.0-10.5-2.9 93.1-10.0-3.1
 3rd quarter96.85.2-2.2 97.95.2-1.7
         
2018November91.8-3.5-13.6 92.8-3.4-12.7
 December86.3-6.0-18.7 87.4-5.8-18.0
        
2019January92.57.2-8.0 93.26.6-7.8
February95.93.60.8 96.63.71.2
 March95.5-0.422.0 96.3-0.420.9
 April94.2-1.42.3 95.5-0.82.8
 May99.25.30.1 100.34.90.6
 June91.0-8.2-4.4 92.2-8.0-3.8
 July96.25.76.0 97.05.26.0
August98.12.0-1.4 98.61.7-1.1
September102.64.64.4 103.04.54.2
October104.21.69.6 104.61.58.9
November94.6-9.23.1 95.6-8.63.0
 December88.1-6.92.1 89.7-6.12.6
         
2020January92.55.0-0.0 93.84.60.6
 February93.00.5-3.0 94.30.5-2.4
 March122.832.028.7 122.129.526.8
 April96.4-21.52.3 97.1-20.51.6
 May85.8-11.0-13.5 87.1-10.3-13.1
 June93.99.43.1 95.09.13.0
 July111.418.615.8 111.817.615.2
 August91.4-17.9-6.8 92.8-16.9-5.9
 September87.5-4.2-14.6 89.1-4.1-13.6
 October87.2-0.4-16.4 88.6-0.6-15.3
 November1135.755.743.5 135.452.941.7
1 Provisional data
Table 1a Volume Indices of ProductionBase Year: 2015=100
  Manufacturing Industries Industries
  NACE 10 - 33 NACE 05 - 35
  Seasonally Unadjusted Indices
Period Index% change on previous periodAnnual % change Index% change on previous periodAnnual % change
2017Year99.1 -2.7 99.5 -2.3
2018Year93.8 -5.3 94.6 -4.9
2019Year96.4 2.7 97.3 2.8
         
20181st quarter87.7-26.1-7.8 88.7-25.0-7.6
 2nd quarter86.2-1.6-0.2 87.2-1.7-0.0
 3rd quarter96.612.00.5 97.211.50.6
 4th quarter104.88.4-11.6 105.38.4-10.9
         
20191st quarter88.4-15.60.8 89.5-15.01.0
 2nd quarter86.1-2.6-0.1 87.5-2.20.4
 3rd quarter101.317.74.9 101.716.24.7
 4th quarter109.88.34.8 110.38.44.7
         
20201st quarter94.4-13.96.8 95.6-13.36.8
 2nd quarter85.1-9.9-1.2 86.1-9.9-1.6
 3rd quarter98.415.7-2.9 99.415.5-2.2
         
2018November105.0-21.6-14.3 105.8-20.6-13.2
 December75.3-28.3-25.2 76.9-27.3-24.1
        
2019January112.048.7-7.7 111.845.4-7.5
February75.0-33.0-2.5 76.7-31.4-1.9
 March78.24.320.7 80.04.319.6
 April97.825.05.6 98.823.55.9
 May85.3-12.8-0.3 86.8-12.20.3
 June75.4-11.6-6.6 77.0-11.3-5.8
 July95.326.55.9 96.124.86.0
August79.0-17.1-0.9 80.2-16.6-1.0
September129.764.27.9 128.860.67.5
October149.415.211.5 148.014.911.1
November107.0-28.41.8 107.7-27.21.8
 December72.9-31.8-3.2 75.1-30.3-2.4
         
2020January112.854.70.7 113.350.91.3
 February70.6-37.4-5.9 72.7-35.8-5.2
 March100.041.827.9 100.838.626.0
 April103.53.45.8 103.42.64.7
 May73.3-29.2-14.0 74.9-27.6-13.7
 June78.57.14.1 80.06.94.0
 July111.241.716.7 111.739.516.2
 August73.4-34.0-7.0 75.4-32.5-6.0
 September110.650.6-14.8 111.247.6-13.6
 October124.712.8-16.5 125.112.4-15.5
 November1152.322.142.4 151.621.240.7
1 Provisional data
Table 2 Volume Indices of Production for "Modern"2 and "Traditional"2 SectorsBase Year: 2015=100
Modern Sector Traditional (All Other Sectors)
Seasonally Adjusted Indices
Period Index% change on previous periodAnnual % change Index% change on previous periodAnnual % change
2017Year98.0 -3.7 105.0 3.1
2018Year91.4 -6.8 106.5 1.4
2019Year93.5 2.3 111.4 4.6
         
20181st quarter88.0-15.4-6.3 102.2-1.7-9.7
 2nd quarter92.24.90.5 105.53.22.9
 3rd quarter95.94.0-2.4 107.41.96.6
 4th quarter87.8-8.5-15.5 110.63.06.4
        
20191st quarter88.30.60.4 112.11.39.6
 2nd quarter90.12.1-2.3 111.3-0.75.5
 3rd quarter100.011.04.3 110.6-0.62.9
 4th quarter93.1-6.96.0 111.40.70.7
         
20201st quarter95.72.88.4 113.72.11.4
 2nd quarter94.4-1.44.7 87.6-22.9-21.3
 3rd quarter99.75.6-0.4 109.224.7-1.3
         
2018November87.4-7.5-17.9 111.80.49.2
 December81.5-6.8-23.2 108.6-2.91.1
        
2019January88.88.9-10.3 106.1-2.35.6
February89.50.8-3.3 113.56.99.8
 March86.5-3.319.7 116.62.813.4
 April89.63.50.5 111.5-4.410.6
 May95.06.1-1.1 112.81.24.7
 June85.8-9.7-6.2 109.7-2.71.6
 July98.915.28.8 111.81.96.2
August98.4-0.5-0.8 109.1-2.4-0.2
September102.84.55.2 110.91.63.0
October106.03.112.2 113.32.21.7
 November89.7-15.32.6 113.0-0.21.0
 December83.5-6.92.5 107.8-4.6-0.8
         
2020January86.83.9-2.2 119.911.313.0
 February85.4-1.7-4.7 109.3-8.8-3.7
 March114.934.632.8 111.82.2-4.2
 April98.8-14.110.3 86.7-22.4-22.2
 May89.1-9.8-6.2 82.6-4.8-26.8
 June95.26.810.9 93.513.3-14.7
 July121.127.122.4 110.618.2-1.1
 August 91.0-24.8-7.5 108.6-1.8-0.5
 September86.9-4.6-15.5 108.5-0.1-2.2
 October87.70.9-17.2 110.72.0-2.3
 November1137.456.653.1 108.9-1.6-3.7
1 Provisional data
2 See Background notes for detailed breakdown
Table 3a Volume Indices of Production for Industrial Sectors - Provisional Results November 2020Base Year: 2015=100
 November 2020
  Seasonally Adjusted Indices
Industrial SectorNACE Index% change on previous monthAnnual % change
Food products10 95.2-5.3-3.2
Meat and meat products101 113.8-0.3-1.4
Dairy products105 122.12.00.2
Bakery and farinaceous products107 93.5-0.4-5.3
Grain mill and starch products; Prepared animal feeds106,109 119.7-0.77.1
Other food products102-104,108 90.6-7.6-4.0
Beverages11 ***
Textiles, wearing apparel and leather related products13-15 124.83.03.0
Wood and wood products, except furniture16 187.93.016.3
Paper and paper products; Printing and reproduction of recorded media17-18 85.912.10.1
Chemicals and chemical products20 ***
Basic pharmaceutical products and preparations21 ***
Rubber and plastic products22 117.1-24.5-6.0
Other non-metallic mineral products23 172.81.724.8
Basic metals and fabricated metal products24-25 130.315.26.7
Computer, electronic and optical products26 ***
Electrical equipment27 159.012.830.1
Machinery and equipment, not elsewhere classified28 ***
Transport equipment29-30 110.9-4.0-19.4
Tobacco, leather, coke and refined petroleum products, transport equipment, furniture, repair and installation of machinery and equipment12,15,19,29-31,33 83.4-9.2-28.4
Modern20,21,26,27, 182, 325 137.456.653.1
TraditionalAll Excluding Modern 108.9-1.6-3.7
Electricity, gas, steam and air conditioning supply35 124.5-5.51.1
Manufacturing industries10-33 135.755.743.5
Mining and quarrying05-09 ***
Transportable goods industries05-33 134.754.043.1
Industries05-35 135.452.941.7
*Data suppressed for confidentiality reasons
Table 3b Volume Indices of Production for Industrial Sectors 3 monthly - Provisional ResultsBase Year: 2015=100
 Sep 2020 - Nov 2020
  Seasonally Adjusted Indices
Industrial SectorNACE Index% change on previous periodAnnual % change
Food products10 98.6-0.4-2.6
Meat and meat products101 113.70.31.8
Dairy products105 121.1-2.9-5.1
Bakery and farinaceous products107 94.4-0.4-2.4
Grain mill and starch products; Prepared animal feeds106,109 119.12.45.3
Other food products102-104,108 94.8-0.8-3.3
Beverages11 ***
Textiles, wearing apparel and leather related products13-15 121.2-4.70.8
Wood and wood products, except furniture16 181.524.810.6
Paper and paper products; Printing and reproduction of recorded media17-18 80.812.4-5.1
Chemicals and chemical products20 ***
Basic pharmaceutical products and preparations21 ***
Rubber and plastic products22 128.016.2-0.9
Other non-metallic mineral products23 167.215.924.2
Basic metals and fabricated metal products24-25 124.49.54.1
Computer, electronic and optical products26 ***
Electrical equipment27 150.1-5.88.1
Machinery and equipment, not elsewhere classified28 ***
Transport equipment29-30 113.77.0-13.5
Tobacco, leather, coke and refined petroleum products, transport equipment, furniture, repair and installation of machinery and equipment12,15,19,29-31,33 87.40.8-26.5
Modern20,21,26,27,182, 325 104.01.54.5
TraditionalAll Excluding Modern 109.34.9-2.7
Electricity, gas, steam and air conditioning supply35 129.41.29.1
Manufacturing industries10-33 103.54.73.0
Mining and quarrying05-09 ***
Transportable goods industries05-33 103.36.03.1
Industries05-35 104.44.53.3
*Data suppressed for confidentiality reasons
Table 3c Volume Indices of Production for Industrial Sectors - Final Results October 2020Base Year: 2015=100
 October 2020
  Seasonally Adjusted Indices
Industrial SectorNACE Index% change on previous monthAnnual % change
Food products10 100.50.6-2.0
Meat and meat products101 114.21.0-1.1
Dairy products105 119.7-1.6-7.5
Bakery and farinaceous products107 93.9-2.1-1.5
Grain mill and starch products; Prepared animal feeds106,109 120.53.08.4
Other food products102-104,108 98.12.5-1.8
Beverages11 ***
Textiles, wearing apparel and leather related products13-15 121.12.82.3
Wood and wood products, except furniture16 182.54.88.0
Paper and paper products; Printing and reproduction of recorded media17-18 76.6-4.0-11.4
Chemicals and chemical products20 ***
Basic pharmaceutical products and preparations21 ***
Rubber and plastic products22 155.038.419.9
Other non-metallic mineral products23 170.07.030.6
Basic metals and fabricated metal products24-25 113.1-12.8-3.4
Computer, electronic and optical products26 ***
Electrical equipment27 141.0-6.20.0
Machinery and equipment, not elsewhere classified28 ***
Transport equipment29-30 115.50.5-13.3
Tobacco, leather, coke and refined petroleum products, transport equipment, furniture, repair and installation of machinery and equipment12,15,19,29-31,33 91.85.6-24.8
Modern20,21,26,27,182, 325 87.70.9-17.2
TraditionalAll Excluding Modern 110.72.0-2.3
Electricity, gas, steam and air conditioning supply35 131.7-0.311.7
Manufacturing industries10-33 87.2-0.4-16.4
Mining and quarrying05-09 ***
Transportable goods industries05-33 87.5-0.2-16.0
Industries05-35 88.6-0.6-15.3
*Data suppressed for confidentiality reasons
Table 4 Industrial Turnover IndicesBase Year: 2015=100
Manufacturing Industries Transportable Goods Industries2
NACE 10 - 33 NACE 05 - 33
Seasonally Adjusted Indices
Period Index% change on previous periodAnnual % change Index% change on previous periodAnnual % change
2017Year97.7 -5.1 97.8 -4.9
2018Year98.2 0.5 98.3 0.5
2019Year99.4 1.3 99.5 1.2
         
20181st quarter96.3-9.4-2.3 96.5-9.3-2.2
 2nd quarter96.60.36.4 96.90.36.4
 3rd quarter101.34.98.8 101.54.88.8
 4th quarter98.0-3.3-7.9 98.0-3.4-7.8
         
20191st quarter99.81.93.6 99.91.93.6
 2nd quarter96.6-3.20.0 96.7-3.2-0.1
 3rd quarter98.72.2-2.6 98.72.0-2.7
 4th quarter100.92.23.0 100.82.12.8
         
20201st quarter107.97.08.1 107.87.07.9
 2nd quarter101.9-5.65.5 101.9-5.55.3
 3rd quarter99.7-2.21.0 99.7-2.11.0
         
2018November98.2-3.6-9.1 98.3-3.7-9.1
 December93.9-4.4-13.1 93.8-4.6-13.2
        
2019January94.40.6-9.9 94.81.1-9.8
February104.610.76.0 104.710.55.9
 March100.5-3.917.6 100.4-4.217.2
 April107.77.217.5 108.17.717.5
 May96.4-10.5-6.3 96.5-10.8-6.4
 June85.7-11.0-10.0 85.7-11.2-10.3
 July97.313.54.0 97.413.73.8
August94.4-3.1-10.5 94.3-3.1-10.6
September104.410.6-0.5 104.410.7-0.6
October116.811.814.7 116.811.814.4
 November97.3-16.7-0.9 97.3-16.6-1.0
 December88.5-9.0-5.7 88.3-9.2-5.8
         
2020January105.419.111.6 105.619.511.4
 February93.1-11.7-11.0 93.0-11.9-11.2
 March125.234.624.6 124.934.224.4
 April100.6-19.6-6.6 100.7-19.3-6.8
 May99.0-1.62.8 99.0-1.72.7
 June105.97.023.6 105.97.023.6
 July107.01.09.9 107.01.09.9
 August101.9-4.78.0 101.9-4.88.0
 September90.1-11.6-13.7 90.2-11.4-13.6
 October90.50.4-22.5 90.60.4-22.4
 November1123.836.827.2 123.836.627.2
1 Provisional data
2 See Background notes for detailed breakdown
Table 4a Industrial Turnover IndicesBase Year: 2015=100
Manufacturing Industries Transportable Goods Industries2
NACE 10 - 33 NACE 05 - 33
Seasonally Unadjusted Indices
Period Index% change on previous periodAnnual % change Index% change on previous periodAnnual % change
2017Year97.7 -5.1 97.8 -4.9
2018Year98.2 0.5 98.3 0.5
2019Year99.4 1.3 99.5 1.2
         
20181st quarter92.8-19.1-2.3 93.0-19.0-2.2
 2nd quarter91.6-1.24.8 91.9-1.24.8
 3rd quarter102.011.38.9 102.211.28.9
 4th quarter106.24.1-7.4 106.44.1-7.3
         
20191st quarter95.1-10.52.5 95.2-10.52.4
 2nd quarter91.9-3.30.3 92.0-3.30.2
 3rd quarter100.99.7-1.1 100.99.6-1.3
 4th quarter109.99.03.5 109.98.93.3
         
20201st quarter103.6-5.89.0 103.5-5.88.7
 2nd quarter96.2-7.14.7 96.2-7.04.5
 3rd quarter101.55.50.6 101.65.50.7
         
2018November108.9-11.3-8.7 109.0-11.4-8.7
 December87.0-20.1-15.1 87.1-20.1-15.1
        
2019January107.623.7-6.8 107.823.7-6.7
February87.5-18.73.6 87.6-18.73.5
 March90.12.914.9 90.22.914.6
 April113.325.818.5 113.425.818.5
 May84.8-25.1-7.8 85.0-25.1-7.9
 June77.6-8.5-11.0 77.7-8.5-11.3
 July103.433.25.6 103.433.05.4
August79.2-23.4-10.0 79.3-23.3-10.1
September120.051.7-0.2 120.051.4-0.3
October142.118.315.7 142.018.315.5
 November107.5-24.3-1.2 107.5-24.2-1.3
 December80.1-25.5-7.9 80.1-25.5-8.0
         
2020January122.452.913.8 122.352.613.5
 February77.0-37.1-12.0 77.0-37.0-12.1
 March111.344.523.6 111.244.523.3
 April106.9-3.9-5.7 106.7-4.1-5.9
 May86.0-19.51.4 86.1-19.31.3
 June95.711.223.3 95.911.423.3
 July114.819.911.0 114.819.811.0
 August86.2-24.98.9 86.3-24.88.9
 September103.520.0-13.8 103.620.0-13.7
 October110.36.6-22.3 110.46.6-22.2
 November1136.023.326.5 136.023.226.4
1 Provisional data
2 See Background notes for detailed breakdown
Table 5a Turnover Indices for Industrial Sectors - Provisional Results November 2020Base Year: 2015=100
 November 2020
  Seasonally Adjusted Indices
Industrial SectorNACE Index% change on previous monthAnnual % change
Food products10 102.3-3.6-0.9
Meat and meat products101 110.10.90.3
Dairy products105 129.1-0.4-1.5
Bakery and farinaceous products107 95.3-0.3-2.5
Grain mill and starch products; Prepared animal feeds106,109 111.8-1.08.1
Other food products102-104,108 89.6-7.6-2.7
Beverages11 ***
Textiles, wearing apparel and leather related products13-15 120.8-5.531.0
Wood and wood products, except furniture16 135.25.84.8
Paper and paper products; Printing and reproduction of recorded media17-18 107.06.2-0.3
Chemicals and chemical products20 ***
Basic pharmaceutical products and preparations21 ***
Rubber and plastic products22 111.6-13.9-1.2
Other non-metallic mineral products23 159.61.834.8
Basic metals and fabricated metal products24-25 126.714.013.1
Computer, electronic and optical products26 ***
Electrical equipment27 150.51.218.7
Machinery and equipment, not elsewhere classified28 ***
Transport equipment29-30 113.11.8-12.5
Tobacco, leather, coke and refined petroleum products, transport equipment, furniture, repair and installation of machinery and equipment12,15,19,29-31,33 86.00.0-25.4
Electricity, gas, steam and air conditioning supply35 ......
Manufacturing industries10-33 123.836.827.2
Mining and quarrying05-09 112.8-5.69.5
Transportable goods industries05-33 123.836.627.2
Industries05-35 ......
*Data suppressed for confidentiality reasons
..Data not available
Table 5b Turnover Indices for Industrial Sectors 3 monthly - Provisional ResultsBase Year: 2015=100
 Sep 2020 - Nov 2020
  Seasonally Adjusted Indices
Industrial SectorNACE Index% change on previous periodAnnual % change
Food products10 104.6-0.6-0.8
Meat and meat products101 109.10.04.5
Dairy products105 129.2-1.8-6.8
Bakery and farinaceous products107 96.32.30.1
Grain mill and starch products; Prepared animal feeds106,109 110.91.44.6
Other food products102-104,108 94.3-0.9-1.3
Beverages11 ***
Textiles, wearing apparel and leather related products13-15 131.4-28.238.3
Wood and wood products, except furniture16 129.013.0-3.4
Paper and paper products; Printing and reproduction of recorded media17-18 103.114.7-1.0
Chemicals and chemical products20 ***
Basic pharmaceutical products and preparations21 ***
Rubber and plastic products22 116.95.3-1.8
Other non-metallic mineral products23 155.311.233.0
Basic metals and fabricated metal products24-25 120.715.311.2
Computer, electronic and optical products26 ***
Electrical equipment27 150.8-7.41.5
Machinery and equipment, not elsewhere classified28 ***
Transport equipment29-30 113.38.9-11.2
Tobacco, leather, coke and refined petroleum products, transport equipment, furniture, repair and installation of machinery and equipment12,15,19,29-31,33 85.02.1-24.7
Electricity, gas, steam and air conditioning supply35 ......
Manufacturing industries10-33 101.5-3.3-4.4
Mining and quarrying05-09 117.6-4.910.0
Transportable goods industries05-33 101.5-3.2-4.4
Industries05-35 ......
*Data suppressed for confidentiality reasons
..Data not available
Table 5c Turnover Indices for Industrial Sectors - Final Results October 2020 Base Year: 2015=100
 October 2020
  Seasonally Adjusted Indices
Industrial SectorNACE Index% change on previous monthAnnual % change
Food products10 106.10.5-1.3
Meat and meat products101 109.21.13.0
Dairy products105 129.60.5-9.0
Bakery and farinaceous products107 95.6-2.51.2
Grain mill and starch products; Prepared animal feeds106,109 112.94.48.3
Other food products102-104,108 97.00.8-0.4
Beverages11 ***
Textiles, wearing apparel and leather related products13-15 127.7-12.426.1
Wood and wood products, except furniture16 127.83.1-6.9
Paper and paper products; Printing and reproduction of recorded media17-18 100.7-0.7-6.9
Chemicals and chemical products20 ***
Basic pharmaceutical products and preparations21 ***
Rubber and plastic products22 129.518.214.6
Other non-metallic mineral products23 156.74.736.7
Basic metals and fabricated metal products24-25 111.1-10.63.3
Computer, electronic and optical products26 ***
Electrical equipment27 148.7-3.05.5
Machinery and equipment, not elsewhere classified28 ***
Transport equipment29-30 111.2-3.9-14.7
Tobacco, leather, coke and refined petroleum products, transport equipment, furniture, repair and installation of machinery and equipment12,15,19,29-31,33 86.13.6-22.6
Electricity, gas, steam and air conditioning supply35 ......
Manufacturing industries10-33 90.50.4-22.5
Mining and quarrying05-09 119.5-0.76.4
Transportable goods industries05-33 90.60.4-22.4
Industries05-35 ......
*Data suppressed for confidentiality reasons
..Data not available

Background Notes

Introduction  

Industrial Production and Turnover (IPT) monitors the volume of production and value of turnover of industrial local units. Two indices are compiled from the survey – the monthly index of production and the monthly index of turnover.

The monthly index of production measures the change in the volume of production (i.e. value added at constant prices) each month. 

The monthly index of turnover measures the change in the level of sales each month of industrial products, whether manufactured in the month in question or in previous periods (excluding non-industrial activity where practicable). The turnover indices outlined in this release are exclusive of VAT. 

The principal difference between the production and turnover indices is that the production index traces the quantitative volume of production (i.e. with the effect of price changes excluded) each month whether sold or not, whereas the turnover index reflects both the volume of sales and the price level.  

Starting with January 2015 updated industrial production and turnover indices are being published to base year 2015=100. 

Sample covered

Industrial Production and Turnover covers all the larger local units which between them account for the bulk of industrial output – in general those which in the base year 2015 had twenty or more persons engaged in NACE divisions 5 to 35. For certain sectors the threshold of 20 persons engaged is lowered where this is considered necessary to ensure representativeness of the sample or where data for a sector would have to be kept confidential if a threshold at 20 persons engaged was applied. The business activity classifications are based on the Statistical Classification of Economic Activities in the European Community (NACE Rev. 2).

The provisional results are published about 40 days after the reference month. At that point, the response rates are typically 46% of local units surveyed covering 84% of the value of production and 82% of the value of turnover. The corresponding figures for the final results, one month later, are 66%, 95% and 94% respectively. These response rates are based on averages for the 12 months of 2017. 

Methodology

Index calculation

Individual turnover sub-indices are compiled for each detailed NACE class (i.e. NACE 4-digit level). These sub-indices are combined to provide the indices for broader sectoral groupings (NACE 2-digit and groupings of NACE) using the turnover as the weight.  The production indices are created in the same way but use the gross value added at factor cost (GVA) as the weight. The production indices are calculated at constant prices, using the Wholesale Price Index (Base 2015 = 100) as deflators. The GVA and turnover weights are from the 2015 Census of Industrial Production (CIP). The weights and base year are revised every five years. 

Globalisation and Measurement of Industrial Production

The level shift of 26% in GDP in 2015 was driven by relocations of entire balance sheets to Ireland, with the activity related to these relocations having consequential impacts on the corresponding annual and monthly industrial statistics. These relocated balance sheets were dominated by intellectual property. The practice of relocating intellectual property to Ireland has been growing in recent years, but the scale of the relocations in 2015 was substantial and added €300 billion to Ireland’s capital stocks.

Associated with the relocations were significant increases in contract manufacturing activity attributable to Ireland. While contract manufacturing and outsourcing arrangements – both by Irish and foreign-owned enterprises - were not new per se, the level of increase seen in 2015 was substantially greater than in previous years. The Index of Industrial Production increased by 33% between 2014 and 2015.

The CSO’s treatment of contract manufacturing in the IPT follows the definitions set out in the UN 2010 International Recommendations for the Index of Industrial Production. The relevant section of the UN recommendations, on the treatment of outsourcing activities is as follows:

 

"Outsourcing of parts of the production process

If only part of the production process is outsourced, the principal is classified to the ISIC class that corresponds to the activity representing the complete production process, i.e., it is classified as if it were carrying out the complete process, including the contracted work, itself.

This applies not only to the outsourcing of support functions in the production process, such as accounting or computing activities, but also to the outsourcing of parts of the core production process, such as parts of a manufacturing process.

Outsourcing of the complete production process

In general, if the principal outsources the complete production process of a good or service, it is classified as if it were carrying out the production process itself. This applies in particular to all service-producing activities, including construction.

In the case of manufacturing, however, the following special considerations apply. In manufacturing, the principal provides the contractor with the technical specifications of the manufacturing activity to be carried out on the input materials. The input materials (raw materials or intermediate goods) can either be provided (owned) by the principal or not.

A principal who completely outsources the transformation process should be classified into manufacturing if and only if it owns the input materials to the production process – and therefore owns the final output." 

On the basis of these recommendations outsourced production is included as part of an enterprise’s Irish production. The inverse (i.e. Irish companies being sub-contracted to produce for foreign companies) has been excluded to avoid double counting.

The PRODCOM annual survey provides statistics on domestic production sold in Ireland annually.  

Seasonal Adjustment 

Seasonal adjustment is conducted using the direct seasonal adjustment approach. Under this approach each individual series is independently adjusted, i.e. aggregate series are adjusted without reference to the component series. Seasonal adjustment models are developed for each series based on unadjusted data spanning the months from January 2000 to the current period. These models are then applied to the entire series. Seasonal factors are updated each month.

The adjustments are completed by applying the X-13-ARIMA model, developed by the U.S. Census Bureau to the unadjusted data. This methodology estimates seasonal factors while also taking into consideration factors that impact on the quality of the seasonal adjustment such as:

• Calendar effects, e.g. the timing of Easter

• Outliers, temporary changes and level shifts in the series 

For additional information on the use of X-13-ARIMA see https://www.census.gov/srd/www/winx13/ 

NACE classification

The business activity classifications used in this Statistical release are based on the Statistical Classification of Economic Activities in the European Community i.e. NACE Rev. 2. For further information on the NACE Rev. 2 classification of industrial activity, visit the CSO website  https://www.cso.ie/en/methods/classifications/nacecoder/

Definitions

"All Industries"

All industries are comprised of all sectors classified NACE 05 to 35 inclusive. This includes Mining and quarrying NACE 05 to 09, Manufacturing Industries NACE 10 to 33, Electricity, gas, steam and air conditioning supply NACE 35.

"Manufacturing Industries"

Manufacturing Industries is comprised of all sectors classified NACE 10 to 33 inclusive.

"Transportable Goods Industries"

Transportable Goods Industries is comprised of all sectors classified NACE 05 to 33 inclusive. This includes Mining and quarrying NACE 05 to 09 and Manufacturing Industries NACE 10 to 33.

 “Modern” Sector

The Modern Sector includes the following industrial sectors:

NACE 20.00 - 21.20 Chemicals and pharmaceuticals

NACE 26.00 - 27.90 Computer, electronic, optical and electrical equipment

NACE 18.20 Reproduction of recorded media

NACE 32.50 Medical and dental instruments and supplies

"Traditional” Sector

The Traditional Sector includes All Industries (NACE 05 to 35) excluding the “Modern” sector as detailed above.  

Wholesale Price Index (Base Year = 2015)

The wholesale price indices were revised in March 2018 to include updated weights (base year = 2015). New base year weights were compiled for the Wholesale Price Index using the results of the 2015 Census of Industrial Production (CIP) and the Prodcom Inquiry surveys. New base weights were applied to each three digit NACE group on the basis of the Census of Industrial Production and the commodity group weights were assigned on the basis of the Prodcom Inquiry. For further information on the updated WPI indices see the CSO publication  

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