Ireland - Real Change in Inventories

Ireland: Real Change in Inventories

Mnemonic	CIVT$.IIRL
Unit	Mil. Ch. 2020 EUR, SA
Adjustments	Seasonally Adjusted
	Quarterly	71.33 %
Data	2022 Q3	2,402
	2022 Q2	1,402

Series Information

Source	Central Statistics Office (CSO)
Release	National Accounts - GDP
Frequency	Quarterly
Start Date	3/31/1995
End Date	9/30/2022

Ireland: Business

	Reference	Last	Previous	Units	Frequency
Capacity Utilization	2023 Q1	79.7	80.3	%, NSA	Quarterly
Business Confidence	Dec 2022	98.9	98.36	Index long term avg=100, SA	Monthly
Industrial Production	Nov 2022	184.8	205.8	Vol. Index 2015=100, NSA	Monthly
Change in Inventories	2022 Q3	3,195	1,551	Mil. EUR, SA	Quarterly
Real Change in Inventories	2022 Q3	2,402	1,402	Mil. Ch. 2020 EUR, SA	Quarterly

Release Information

Description

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.

Properties

Active:

National accounts framework: ESA 2010
Industry classification: NACE Rev. 2
Measurements:
- Millions of euros at chained year-2020 prices (Mil. Ch. 2020 EUR)
- At current prices (Mil. EUR)
Adjustments:
- Seasonally adjusted (SA)
- Not seasonally adjusted (NSA)
Native frequency: Quarterly
Start date: Uniformly 1995Q1

Predecessors:

2019 prices - 1995Q1 to 2022Q2 ("_19")
2018 prices - 1995 to 2021 ("_18")
2017 prices - 1995 to 2020
2016 prices - 1995 to 2018
2015 prices - 1995 to 2017
NACE Rev. 2 broad groupings - 1997 to 2016
Regional accounts under NUTS 2013 delineations - 2000 to 2015
2011 prices - 1997 to 2013 ("_11")
2010 prices - 1997 to 2012 ("10")
2009 prices - 1997 to 2011 ("09")
2008 prices - 1997 to 2010

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.

Revisions

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.