HE turnover Spanish industry fell 8.7% between June of this year and June 2022. National Institute of Statistics (INE) who collected in this way is now 33 points higher than last June. before covid comes This is the third month in a row that the economic engine has fallen—a sign that industrial activity is stronger than before. Moreover, it does so at a decline not seen since the summer of 2020.
According to that statistical agencythe annual decrease was 8.7%. seasonal and calendar effectsand 7% if you watch the original series. In any case, in both scenarios this decline is clearly falling prices in the energy sector. On a monthly basis, the industry’s business fell 2.8% in June compared to its June turnover.
According to statistics released on Wednesday, energetic industry (crude oil extraction or natural gas, coke plants and oil refineries…) reduced its turnover by 40% compared to June 2022. In this case, it’s the fourth consecutive month that the year-to-year comparison shows a negative figure, exactly the period when the price fell: electric And gasoline They have dropped to similar pre-war levels in Ukraine, which is one of the factors that makes them more expensive.
“We had a milder winter than in recent years, and the reaction of European countries to the war in Ukraine, demand dropsled to stocks. underground storage It’s too high for the dates of the current year,” said Joan Batalla, president of the Sedigas employers’ association in May. sara ledo.
so, in March, this industry sub-sector saw business volume drop 18% year-on-year; inside April, 30%; inside May, almost 40%; and this Juneanother 40.8%.
Durable consumer goods and intermediate goods
But it comes not only, but also Factories for durable consumer goods they are worse than a year ago (business volumes are almost 5% lower than the original unadjusted index for calendar effects) and the same intermediate goodsabout 12% worse than a year ago.
In the first case, they push industrial activity downwards. manufacture of jewellery, bijouterie and musical instruments (-13.9%); the home appliance manufacture (-11.7%) and manufacture of motorcycles, bicycles and other modes of transport (-11.4%). Second, intermediate goods, chemical industry (excluding cleaning products, perfumery and cosmetics) fell 24.6%; the manufacture of iron, steel and ferroalloy products (-22%); wave paper industry (-15.2%), among others.
On the other hand, they show significant growth. electronic component manufacturing (first with 25.7 percent) and tobacco industry (+21.4%). come after you manufacture of electronic materials and equipment, manufacture of motor vehicles and trailersAnd computer generationamong others.
The service sector slumped sales for the first time in two and a half years
Moreover service industry activity dropped. The turnover of the fabric that makes up the fabric, as published by INE this Thursday shops, Transport, hostelindustry communication waves administrative activities Billed 0.9% less in June than the previous year. This index shows a negative rate for the first time in two and a half years. And it basically trading activity (especially wholesale trade) and in the field transport and storage. The first decreased by 3.2%, the second by 5.6%.
According to the clues offered by the original series, it does not eliminate the possible changes depending on the season or the month of the year, wholesale trade of agricultural raw materials and live animals for example, it fell 12.4%. In the second case, it stands out activities related to storage and transportation (-12.7%). In the information and communication subgroup, cinema, television and music broadcasting declined by 27%.