Capital Acquisitions increase in quarter one

Friday 06 June 2014 11.57
Capital Acquisitions rise in Q1 - CSO
Capital Acquisitions rise in Q1 - CSO

The CSO released details of quarterly acquisitions and sales of capital assets in the mining, manufacturing, energy and waste management sectors today. 

Capital acquisitions in industry in the first quarter of 2014 were €1.171 billion, compared with €659.1m in the first quarter of 2013.

The main contributors to the acquisitions included computer, electronic and optical products, other manufacturing and chemicals, chemical products, and basic pharmaceutical products an preparations.

Capital sales in quarter one were €20.1m, compared with €78.5m in the same period last year. Food products and chemicals and chemical products, basic pharmaceutical products and preparations were among the primary contributors to capital sales. 

The series of releases from the CSO are derived from a quarterly accounts inquiry to industrial enterprises with 20 or more persons engaged.

This inquiry was initiated to meet national and EU requirements for quarterly economic variables.

The inquiry covers all enterprises with 20 or more persons engaged in the mining, manufacturing, energy and waste Management sectors. The survey, of approximately 2,000 enterprises, accounts for over 95% of capital acquisitions by enterprises with three or more persons engaged.