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Annual Manufacturing Prices down 2.6% in July
21 Aug '08
1 min read
Monthly factory gate prices decreased by 0.8% in July 2008. This compares to a decrease of 1.0% recorded for July 2007. As a result, the annual percentage change showed a decrease of 2.6% in July 2008, compared with a decrease of 2.8% in June 2008.
In the month, the price index for export sales decreased by 1.0% while the index for home sales decreased by 0.1%. In the year there was a decrease in the price index for export sales of 4.6% and an increase of 5.8% in respect of the price index for home sales.
In the month the most significant changes were decreases in Basic chemicals (-1.6%), other chemical products (incl. man-made fibres) (-1.6%).
A further analysis of Wholesale price changes by sector of use shows that:
• Year on year, the price of Capital Goods increased by 2.9%, while there was a monthly price increase of 0.2%.
In the month, the price index for export sales decreased by 1.0% while the index for home sales decreased by 0.1%. In the year there was a decrease in the price index for export sales of 4.6% and an increase of 5.8% in respect of the price index for home sales.
In the month the most significant changes were decreases in Basic chemicals (-1.6%), other chemical products (incl. man-made fibres) (-1.6%).
A further analysis of Wholesale price changes by sector of use shows that:
• Year on year, the price of Capital Goods increased by 2.9%, while there was a monthly price increase of 0.2%.
Central Statistics Office Ireland
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