Annual Irish Manufacturing Prices fell by 1.5% in year to April

Irish
Annual Irish Manufacturing Prices fell by 1.5% in year to April
By Finfacts Team
May 24, 2007, 15:45

Printer-friendly page from Finfacts Ireland Business News - Click for the News Main Page - A service of the Finfacts Ireland Business and Finance Portal

Source: CSO

The CSO said today that Irish factory gate prices decreased by 0.3% in April 2007. This compares to a decrease of 0.2% recorded for April of last year. As a result, the annual percentage change showed a decrease of 1.5% in April 2007, which compares to a decrease of 1.4% in March 2007.

In the month, the index for export sales decreased by 0.5% while the index for home sales increased by 0.4%. In the year there was a decrease in export sales of 2.0% and an increase in home sales of 0.5%.

In the month the most significant changes were decreases in Basic chemicals (-1.1%), and Office machinery and computers (-1.5%), while there were increases in Meat and meat products (+3.1%).

Contributing to the annual change was a decrease in Office machinery and computers (-10.8%), and Basic chemicals (-1.5%), while there were increases in Meat and meat products (+4.5%).

The yearly price index for Mining and quarrying increased by 0.3% while there was a monthly decrease of 0.8%.

Breaking down Wholesale price changes by sector of use shows that:

Building and construction All material prices increased by 6.2% in the year since April 2006. The most notable yearly changes were increases in Rough timber (including plain sawn) (+11.4%), Cement (+9.6%), and All other materials (+9.4%). Building and construction All material prices increased by 0.8% in the month.
Year on year, the price of Capital goods increased by 3.4%, while there was a monthly price increase of 0.5%.
The price of Energy products increased by 7.9% in the year since April 2006, while Petroleum fuels decreased by 4.3%. In April 2007, there was a monthly increase in Energy products of 0.7%, while Petroleum fuels increased by 3.0%.