Irish CSO Reports
19 December 2014
Annual Manufacturing Prices increase by 0.6% in November
Monthly factory gate prices increased by 0.3% in November 2014. This compares to no change recorded for November of last year. The annual percentage change showed an increase of 0.6% in November 2014, compared with an increase of 0.3% in the year to October 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 1.5%. In the year there was an increase of 1.0% in the price index for export sales (this can be influenced by currency fluctuations) and a decrease of 1.9% 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 Other food products including bread and confectionery (+1.2%), Computer, electronic and optical products (+1.0%) and Basic pharmaceutical products and pharmaceutical preparations (+0.9%), while there were decreases in Dairy products (-0.9%) and Other non-metallic mineral products (-0.4%). See tables 2 and 2A.
Contributing to the annual change were increases in Printing and reproduction of recorded media (+7.5%), Other food products including bread and confectionery (+3.7%) and Computer, electronic and optical products (+2.6%), while there were decreases in Dairy products (-6.4%), Grain milling, starches and animal feeds (-4.6%) and Basic pharmaceutical products and pharmaceutical preparations (-0.4%). See tables 2 and 2A.
The yearly price index for Mining and quarrying increased by 5.6% while the monthly index increased by 3.0%. See table 2.
- Building and Construction All materials prices increased by 1.3% in the year since November 2013. The most notable yearly changes were increases in Sand and gravel (+39.5%), Hardwood (+23.9%) and Stone (+10.2%), while there were decreases in Ready mixed mortar and concrete (-4.5%), Other Structural steel (-3.1%) and Fabricated metal (-2.5%). Building and Construction All materials prices decreased by 0.2% in the month. See table 3.
- Year on year, the price of Capital goods increased by 1.1%, while the monthly price index decreased by 0.1%. See table 4.
- The price of Energy products decreased by 7.9% in the year since November 2013, while Petroleum fuels decreased by 6.3%. In November 2014, the monthly price index for Energy products increased by 2.9%, while Petroleum fuels decreased by 2.6%. See table 5.
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