Irish annual factory factory gate prices down 3.5% in September; Fall in dollar big factor
Oct 22nd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish monthly factory gate prices decreased by 0.5% in September 2009. This compares to an increase of 0.9% recorded for September 2008. As a result, the annual percentage change showed a decrease of 3.5% in September 2009, compared with an annual decrease of 2.1% in August 2009. The big swing reflects the fall in the value of the dollar against the euro as Irish manufacturing is dominated by US firms.