Irish CSO Reports
21 November 2014
Annual Manufacturing Prices increase by 0.3% in October
Monthly factory gate prices increased by 0.5% in October 2014. This compares to a decrease of 0.4% recorded for October of last year. The annual percentage change showed an increase of 0.3% in October 2014, compared with a decrease of 0.6% in the year to September 2014. See graph across and table 1.
In the month, the price index for export sales increased by 0.6%, while the index for home sales decreased by 0.1%. In the year there was an increase of 0.5% in the price index for export sales (this can be influenced by currency fluctuations) and a decrease of 0.5% in respect of the price index for home sales. See table 2 and Figure 2.
In the month, the most significant changes were increases in Basic pharmaceutical products and pharmaceutical preparations (+0.9%), Other food products including bread and confectionery (+0.6%) and Computer, electronic and optical products (+0.5%), while there were decreases in Dairy products (-1.8%) and Grain milling, starches and animal feeds (-0.8%). See tables 2 and 2A.
Contributing to the annual change were increases in Wood and wood products (+9.6%), Printing and reproduction of recorded media (+8.2%) and Other food products including bread and confectionery (+2.2%), while there were decreases in Dairy products (-5.0%), Grain milling, starches and animal feeds (-4.3%) and Basic pharmaceutical products and pharmaceutical preparations (-1.2%). See tables 2 and 2A.
The yearly price index for Mining and quarrying increased by 3.3% while the monthly index decreased by 1.1%. See table 2.
- Building and Construction All materials prices increased by 1.6% in the year since October 2013. The most notable yearly changes were increases in Sand and gravel (+36.5%), Hardwood (+23.9%) and Stone (+14.3%), while there were decreases in Ready mixed mortar and concrete (-4.4%), Fabricated metal (-3.7%) and Other Structural steel (-3.1%). Building and Construction All materials prices increased by 0.4% in the month. See table 3.
- Year on year, the price of Capital goods increased by 1.2%, while the monthly price index increased by 0.2%. See table 4.
- The price of Energy products decreased by 5.1% in the year since October 2013, while Petroleum fuels decreased by 4.7%. In October 2014, the monthly price index for Energy products decreased by 0.5%, while Petroleum fuels decreased by 3.0%. See table 5.
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