HE General Industrial Production Index (IPI) It fell 3.6% year on year last AugustThis rate is 1.5 percentage points lower than in July and the biggest drop since April, when it collapsed by 4.2%, as reported this Thursday by the National Statistics Institute (INE).
With the autumn of August, industrial production chains negative annual rates for three months This follows declines of 1.7% and 2.1% in June and July, respectively.
Non-durable consumer goods production was the sector that experienced the biggest decrease in the eighth month of the year, with a decrease of 9.8% compared to the same period of the previous year. energetic industry (-6.2%); the intermediate goods (-4.6%); the equipment goods (-2.4%) and non-durable consumer goods (-0.4%).
In terms of business lines, the ones that made the biggest cuts in production between years were clothing manufacturing (-24.1%); wood and cork industry (-17.4%) and leather and footwear industry (-15.7%). On the other hand, the largest increases were in the manufacture of pharmaceutical products (+25.1%) and the manufacture of other transport materials (+20.2%) ) happened.
Adjusted for seasonal and calendar effects, industrial production decreased by 3.4% in August compared to the same month in 2022; This rate is 1.2 points lower than July.
Only the Canary Islands and Madrid are increasing the production of their industries
Industrial production fell at an annual rate in 15 autonomous regions in August, and only With increases of 4.5% and 1% in the Canary Islands and Madridrespectively.
The biggest declines were recorded in 2017 Navarre (-15.9%), asturias (-13.6%), Murcia (-11.1%) and rioja (-10.9%) was the only region to show a double-digit decrease.
The most moderate declines in industrial production in August were experienced in Catalonia (-0.1%), Castilla-La Mancha (-1.4%) and Aragon (-2%).
Industrial production fell 0.8% in the month
On a monthly basis (August-July) and in the adjusted series, industrial production decreased by 0.8% in the eighth month of the year. 0.1% monthly advance It happened in July and a 0.5% increase was recorded in August 2022.
By sector, production increased at a monthly rate (+1.9%) in energy only in August, while the rest decreased. The largest decline was seen in durable consumer goods (-3%), followed by capital goods (-2.1%), intermediate goods (-1.8%) and non-durable consumer goods (-0.8%).
In terms of activities, the largest increase in production compared to the previous month was seen in clothing manufacturing (+26.6%); manufacturing of computers, electronics and optical products (+7.6%) and coke plants and oil refinery (+3.9%).
On the other hand, the most significant decreases in production were experienced in the manufacturing industry. tobacco (-23.8%), graphic arts (-19.5%) and pharmaceutical production (-13.3%).