The General Industrial Production Index (IPI) fell by 4.1% on an annual basis last September, the National Institute of Statistics (INE) reported this Tuesday; This is four tenths lower than in August.
With the decline in September, industrial production experienced a four-month decline. Negative rates on an annual basis after negativities 1.7%, 2.1% and 3.6% were recorded in June, July and August respectively.
In the ninth month of the year, the energy sector was the sector that recorded the biggest decrease, with a decrease of 10.4% on an annual basis, followed by durable consumer goods (-7.5%); While non-durable consumer goods (-6.6%) and intermediate goods (-1.7%) increased, capital goods (-1.2%) increased.
According to the branches of activity, those that decreased their production the most during the year were clothing manufacturing (-39.4%), beverage manufacturing (-19.9%) and electricity, gas, steam and air conditioning supply (-12.9%). On the other hand, the largest increases occurred in other mining industries (+34.9%).
Industrial production decreased when adjusted for seasonal and calendar effects 1.4% in September compared to the same month of 2022It is 1.9 points higher than in August.
Only the Canary Islands and Castilla y León are increasing the production of their industries
Industrial production fell at an inter-annual rate in September in 15 autonomous regions, rising only in the Canary Islands and Castilla y León, up 2.6% and 0.2% respectively.
The largest decreases were recorded in the Balearic Islands (-13.5%), La Rioja (-11.3%), Cantabria (-9.5%) and Murcia (-8.9%).
The most moderate declines in industrial production in September were experienced in Aragon (-0.7%), Extremadura (-0.9%) and Asturias (-1%).
Industrial production increased by 1.1% in the month
On a monthly basis (September-August) and in the adjusted series, industrial production increased by 1.1% in the ninth month of the year, which is 1.8 points higher than in August.
Production by sector increased at a monthly rate in September in capital goods (+3.6%), consumer durables (+3.3%) and intermediate goods (+3.1%), while it decreased in energy (-2.7%) and goods. showed. non-durable consumption (-0.3%).
In terms of activities, the tobacco industry (+17%) achieved the largest increase in production compared to the previous month; manufacturing of pharmaceutical products (+12.7%) and metallurgy (+12.4%).
In contrast, the most pronounced declines in production occurred in clothing manufacturing (-18.6%), electricity, gas, steam and air conditioning supply (-5.1%) and beverage manufacturing (-3.2%).