Where does IBISWorld source its data?
The primary sources we use for our Irish industry research reports are The Central Statistics Office (CSO) and Eurostat. These sources allow our analysts to effectively detail the overall sector and specific industries classified under NACE, the Statistical Classification of Economic Activities developed in the European Community.
Here’s a list of sources we use. Analysts will also refer to data sources specific to the industry in question, such as trade associations and other representative bodies.
What is IBISWorld’s forecasting methodology?
Here are the steps we take to decide what variables and conditioning assumptions must be used in an industry forecast.
Macro-economic level: Look at the extent to which an industry’s output will respond to macro-economic changes.
Sector level: Consider the external and internal forces that are likely to affect the sector in which the industry operates and to what extent is it believed that these forces will influence the industry’s performance.
Industry level: Consider the factors affecting the industry specifically without considering other industries within the same sector (E.g., factors affecting the Building Construction industry but not the Road and Railway Construction industry).
Example: forecasting methodology for F41.200IE Building Construction in Ireland
Macro-economic level
Variables considered:
Employment
Inflation
Consumer spending
Business investment
Trade
Sources used:
Economy-wide statistics (Central Statistics Office)
Budget 2022 (Government of Ireland)
Expenditure Report (Department of Public Expenditure and Reform)
Annual Business Survey of Economic Impact (Department of Enterprise, Trade and Employment)
Sector level
Variables considered:
New orders
Supply-chain prices
Output prices
Sector employment
Construction investment
Sources used:
Construction sector statistics (Central Statistics Office)
Build 2020: Construction Sector Performance and Capacity (Department of Public Expenditure and Reform)
Project Ireland 2040 (Government of Ireland)
Industry level
Variables considered:
Building starts
Housing transaction
Property prices
Public investment in housing
Commercial property investment
Sources used:
House commencements (Department of Housing, Local Government and Heritage)
House registrations (Department of Housing, Local Government and Heritage)
Property Price Register (Property Services Regulatory Authority)
Production in Building and Construction Index (Central Statistics Office)
For any additional questions regarding Ireland sources and methodology, please reach out to your Client Relationship Manager. If you’re not an IBISWorld member, please contact us to learn more about our membership options.