The General Industrial Production Index (IPI) fell 0.8% year-on-year last February, 2.2 points lower than in JanuaryAs reported this Wednesday by the National Institute of Statistics (INE).
As February progressed, industrial production resumed. annual negative rates after increasing 1.2% in the first month of the year.
Industrial production equipment goods It was the highest rise in the second month of the year and recorded in February. an annual increase of 5.5%followed by the energy sector (+0.6%).
In contrast, production fell in February intermediate goods (-5.9% year-on-year), durable consumer goods (-1.7% year-on-year) and non-durable goods, Compared to the same month of 2022, it decreased by 0.9%.
Manufacturing of those that have increased their production the most over the years according to their activity branches, motor vehicles, trailers and semi-trailers (+16.5%) and other mining industries (+9.6%).
The most significant decreases were recorded by the CBRT. wood and cork industry (-28.5%); graphic arts and reproduction of recorded media (-12.7%) and the manufacture of other non-metallic mineral products (-10.7%).
Fixed for seasonal and calendar effectsCompared to the same month of 2022 in February, industrial production decreased by 0.2 points compared to January and decreased by 0.4%.
Seven communities increase production
Industrial production increased last February seven communities at an annual rate and fell by ten.
The biggest increases were recorded Canary Islands (+9%), Region of Madrid (+6.4%), Extremadura (+6.3%) and Balearic Islands (+5.1%).
At the other extreme, with the biggest year-over-year declines, Community of Murcia (-13.3%), Cantabria and Valencia (-4.9% in both cases).
Production increased by 0.6% per month
Industrial production increased by 0.6 percent on a monthly basis seasonally adjusted seriesThat’s 1.4 points higher than what was observed in January.
According to the branches of activity, biggest monthly drops The share of production in the adjusted series corresponded to the manufacture of furniture and pharmaceuticals (-4.2% in each case) and the graphic arts and reproduction of recorded media (-4.1%).
On the contrary, highest monthly increases The tobacco industry (+20.8%), other extractive industries (+12.2%), and anthracite, coal and lignite extraction (+9.8%) were in production.