Industrial production with the progress of January returns to positive annual rates After the last two months of 2022, it decreased by 1.4% (November) and 3.1% (December).
Industrial production durable consumer goods It rose 11.8% year-on-year in January, making it the highest riser at the beginning of 2023. This is followed by capital goods (8.6%) and non-durable consumer goods (+3.2%).
On the contrary, Production in the energy sector fell in January (-3.4% year-on-year) and intermediate goodsCompared to the same month of 2022, it decreased by 2.5%.
In terms of activity lines, the sectors that increased their production the most over the years were the manufacture of electrical materials and equipment (25.7%) and the manufacture of pharmaceutical products (+19.7%).
The most significant declines were recorded in the wood and cork industry (-25.4%); other mining industries (12%); mining industries (-11.3%) and chemical industry (-10.6%).
Eleven communities increase the output of their industries
industrial production increased in eleven autonomous communities last January fell at an annual rate and below.
The largest increases were recorded in Extremadura (+24%), Madrid (+10.1%), Castilla y León (+6.8%) and Castilla-La Mancha (+6.4%).
At the other extreme, the largest inter-annual decreases are Murcia (-13.5%), Asturias (-12.6%), Andalusia (-11.1%) and the Balearic Islands (-3%).
Industrial production decreased by 0.9% in the month
On a monthly basis (January 2023 through December 2022), industrial production decreased 0.9% in seasonally adjusted seriesIt was the biggest monthly drop since last July, when it fell 1.1%.
By business lines, the largest monthly decreases in production in the adjusted series corresponded to other extractive industries (-32.6%), the tobacco industry (-15.3%) and anthracite, coal and lignite mining (-10.3%).
In contrast, the largest monthly increases in production were in metallurgy (4.6%), textile industry (+3.9%) and electricity, gas, steam and air-conditioning supply (+2.6%).