|Unit||Mil. EUR, SA|
|Business Confidence||Sep 2021||103.75||103.82||Index long term avg=100, SA||Monthly|
|Capacity Utilization||2021 Q3||80.5||71.8||%, NSA||Quarterly|
|Industrial Production||Aug 2021||92.1||132.8||Vol. Index 2015=100, NSA||Monthly|
|Change in Inventories||2021 Q1||40||1,519||Mil. EUR, SA||Quarterly|
|Real Change in Inventories||2021 Q1||628||1,804||Mil. Ch. 2018 EUR, SA||Quarterly|
Quarterly national accounts for Ireland, 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.
For chained prices (real data), the currency reference year is advanced annually, typically in July or August.