Industrial Production General Index (IPI) fell 0.4% in April For the same month of 2021, the rate is eight-tenths lower than the previous month, as reported by the National Institute of Statistics (INE) on Tuesday.
With the April data, industrial production turned down after five consecutive months of positive rates compared to the same period of the previous year.
Industrial production intermediate goods The worst hit in April was 3.7% year-on-year. It was followed by capital goods, down 1.6%. The remaining sectors, especially energy (+3.9%), increased their production in the fourth month of the year. durable consumer goods (+3.5%). Non-durable goods, on the other hand, increased their production by 1.7% on an annual basis.
According to the activity lines, the ones that increased their production the most on an annual basis were clothing manufacturing (+21.9%); leather and shoe industry (+21%) and wood and cork industry (+10.8%).
The most obvious of the drops, other mining industries (-13.5%); manufacture of other transport materials (-9.3%); water supply and sanitation activities (-8.7%); manufacture of computer products (-8.4%) and manufacture of motor vehicles (-8.1%).
Adjusted for seasonal and calendar effects, industrial production increased by 2.4% compared to April 2021 and increased by more than two points compared to March with no change.
Production increase in nine communities
industrial production In April it increased at the inter-year rate in nine autonomous communities and fell in eightmainly in Galicia (-8%), Asturias (-4.3%), Navarra (-3.8%) and Murcia (-3.5%).
On the other hand, the largest increases were recorded in the Balearic Islands (+22.2%), Extremadura (+21.5%) and Aragón (+10.4%).
2.1% monthly increase
On a monthly basis (April to March) and in the adjusted series, industrial production rose 2.1%, posting its biggest monthly increase since November 2021, when it increased 2.2%.
It contributed to this recovery, especially in all sectors. intermediate goods and durable consumer goods, increased their monthly production by 6.8% and 4.3%, respectively. These include capital goods with a monthly production increase of 2.9%; energy (+1.9%) and non-durable consumer goods (+1.8%).
According to the activity lines, higher monthly increases In the seasonally adjusted series, 21.4% of production was in the leather and footwear industry, 19.3% in clothing and 17.1% in electrical materials and equipment.
In contrast, the biggest monthly decreases were in the manufacturing of pharmaceutical products (-6.9%), computer products manufacturing (-5.9%) and tobacco industry (-3.4%).