Mr. John McCarthy:

The chart shows the position in euro millions and I believe we can see a massive increase in the level of contract manufacturing during 2015. This year we are seeing high levels of contract manufacturing in the first two quarters, just not as high as the level in previous years.

There is one point that relates to the questions from both Deputies. Until 2014 this was a phenomenon but it did not impact on GDP because, while the export and the production was classified as Irish production, the Irish entity had to import a royalty payment from the Caribbean, Bermuda or wherever to be allowed produce these under licence. What we saw in quarter 1 of 2015 was that this intellectual property was brought from wherever and onshored to Ireland. We were getting the actual exports but we no longer had to offset these with imports because the royalties and the intellectual property were based in Ireland.

To come back to Deputy Tóibín's question, the level is still very large in the first half of 2016, just not as large as it was in 2015.