THE PRICE PAID for goods from the manufacturing sector has fallen 3.1 per cent compared to March 2013.
The latest figures from the Central Statistics Office show the price index for both the home and export market fell by 0.2 and 0.8 per cent respectively.
Across the food sector, which saw an overfall change of -1.7 per cent, the vegetable and animal oil sector fell by a significant 21.3 per cent, with the dairy products seeing a rise of 12.6 per cent.
The price paid for wood products rose by 10 per cent.
The crucial pharmaceutical sector saw a fall of 6.4 per cent.
Earlier this month, the Irish Small and Medium Enterprise Association (ISME) warned the the manufacturing sector in Ireland was showing “worrying” signs.
In the association’s survey of key business indicators, which gauge factors such as sales expectations, current exports, and business confidence, the manufacturing sector reported either declines or no change in all 12 indicators, with Current Sales dropping from 29% to 12%.
CEO Mark Fielding warned that ‘the storm has not passed’.
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