The General Industrial Production Index (IPI) decreased by 1.8% on an annual basis last November. Biggest drop since October 2021, It fell 3.1%, as reported by the National Institute of Statistics (INE) on Wednesday.
With the decline in November, industrial production puts the final point. promotions for six consecutive months from year to year. For the penultimate month of 2022, the rate was almost four points lower than in October, where this indicator rose by 2.1%.
power industry production It was the biggest drop in November, registering a 9.8% decrease compared to the previous year. This is followed by durable consumer goods (-6.3%); intermediate goods (-2.9%) and non-durable consumer goods (-2.1%).
Became the only sector to increase its production in November 2022 equipment goodsWith a 7.3% recovery compared to the same month of 2021.
Other sectors have increased their production the most over the years, according to their branches of activity. mining industry (+39%); mining industry (+37.7%); the electrical materials and equipment manufacturing (+16.8%) and motorcycle vehicle manufacturer (+15.3%).
Among the declines, the most obvious are garment manufacture (-27.1%), wood and cork industry (-23.8%), and graphic arts (-13.4%).