|Unit||Mil. EUR, SA|
|Business Confidence||Nov 2020||96.95||96.11||Index long term avg=100, SA||Monthly|
|Industrial Production||Nov 2020||151.6||125.1||Vol. Index 2015=100, NSA||Monthly|
|Change in Inventories||2020 Q3||-119||1,141||Mil. EUR, SA||Quarterly|
|Real Change in Inventories||2020 Q3||-343||1,299||Mil. Ch. 2018 EUR, SA||Quarterly|
For Ireland, the quarterly national accounts under the ESA 2010 framework, including expenditure (use of GDP) and production (GVA by industry) approaches. Quarterly from 1995.
Seasonal adjustment: Uses the direct approach where each individual time series and aggregate is independently adjusted. Seasonal factors are updated quarterly and the series are adjusted using the X-12_ARIMA model.
Gross Domestic Product (GDP) is representative of output, or total value added, in the production of goods and services in the country.
Imports: Reported as negative values.
Net factor income (NFI) is equal to the investment and labour income earned abroad by Irish residents minus the similiar incomes earned in Ireland by non-residents.
Gross National Product (GNP) is the sum of GDP and NFI. This series can be very volitile as NFI is the difference of two large gross flows and can therefore cause the GNP to fluctuate. This can also lead to substantial differences between GDP and GNP growth rates.
Seasonal factors are updated quarterly; the routine annual review of ARIMA models is upon publication of the "Q1 Final" set of results.
For chained prices (real data), the currency reference year is advanced annually, typically in July or August.
Provisional and final results are issued at approximately T+60 and T+100 days, respectively.
Revisions to annual data (ANA) have an impact on quarterly data, more significantly on recent quarters.