Industrial production reduced its growth in October to 2.2%

Although the annual growth of October is moderate compared to September, industrial production chained positive rates for six consecutive months.

this Industrial production of capital goods increased the most in OctoberIt recorded an annual increase of 10.6%. It is followed by energy (+3.5%) and non-durable consumer goods with an increase of 1.4%. On the other hand, production of intermediate and durable goods decreased by 1.4% yoy in October.

According to the branches of activity, The manufacturing of motor vehicles and other mining industries (+22.9% in both cases) and also the mining industries (+22.4%) were the ones that increased their output the most at an inter-year rate..

Among the declines, the most marked declines with double-digit declines were recorded in apparel manufacturing (-16.9%), wood and cork industry (-15.9%), metallurgy (-12.1%) and coke plants and oil refinery. (-10.9%).

Adjusted for seasonal and calendar effects, industrial production increased by 2.5% compared to October 20211.1 points lower than in September.

In the first ten months of the year, industrial production increased by an average of 3.3% (+3.5% in seasonally adjusted data), while the increase in leather and footwear industry (14.9%) and clothing manufacturing (+14.9%) was remarkable. +11.5% and decreases in metallurgy (-8.3%) and chemical industry (-2.6%).

Three CCAAs cut production

industrial production Increased in 14 communities in October autonomous at an annual rate and decreased in Extremadura (-19.5%), Galicia (-5.4%) and Asturias (-1.1%).

The largest increases were recorded in Cantabria (+6.6%), Murcia (+5.6%), Andalusia (+5.2%) and Madrid and Castilla y León, both with increases of 4.8%.

At the other extreme are Catalonia (+0.4%), Balearic Islands (+1.1%), Canary Islands (+1.8%) and Aragon (+1.9%), with the most moderate inter-annual increases.

0.4% decrease month-on-month

Monthly (October to September) and within adjusted seriesindustrial production fell 0.4%, widening the September fall by three-tenths (-0.1%). In this way, two consecutive monthly setbacks are chained.

On the basis of business lines, the biggest monthly production decreases in the seasonally adjusted series were in beverage manufacturing (-7.2%), coke ovens and oil refinery (-7.1%), and wood industry and cork (-6.3%). .

By contrast, the largest monthly increases in production were in other mining industries (+20.9%), anthracite, coal and lignite extraction (+11.6%) and the graphic arts (+6.8%).