Irish factory gate prices fell 0.4% in year to July; US dollar/Euro movement a key determinant of price changes
Aug 18th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish monthly factory gate prices showed no change in July 2011. This compares to a decrease of 0.6% recorded for July 2010. As a result, the annual percentage change showed a decrease of 0.4% in July 2011, compared with a decrease of 1.0% in the year to June 2011. As Irish manufacturing is overwhelmingly dominated by US firms, monthly price changes usually follow changes in the rate of the euro versus the US dollar.