HE General Industrial Production Index (IPI) increased by 0.9% annually As reported this Tuesday by the National Institute of Statistics (INE), last October this rate was 4.8 points higher than in September.
Industrial production returned to positive territory with the recovery in October after chaining in negative interannual interest rates for four months..
Production energetic industry It was the only month to decrease in the tenth month of the year, with a 5.7% decrease compared to the previous year. The most prominent increase was recorded in capital goods, with an annual increase of 5.6%. This was followed by consumer durables (+2%); non-durable consumer goods (+1.8%) and intermediate goods (+0.6%).
By business segment, those that reduced their output the most at interannual rates were other mining industries (-18.5%) and graphic arts and extractive industries (-18.4% in both cases). The largest increase was in the manufacturing of motor vehicles (+13.1%) and other transportation materials (+10.7%).
Season and calendar effects have been corrected, Industrial production fell 1.5% in October Compared to the same month in 2022, the decrease in September has an increased rate of three tenths.
Nine communities increase industrial production
Industrial production fell in October eight autonomous communities increased at an inter-annual rate and particularly in Extremadura (+17.7%), the Canary Islands (+9.4%) and the Balearic Islands (+6.4%).
At the other extreme, more decline It is registered in Cantabria (-11.8%), the Valencian Community (-5%), La Rioja (-3.7%) and Andalusia and Navarra, both of which showed an annual decrease of 2.6%.
The most moderate declines in industrial production in October were experienced in the Basque Country (-0.5%), Asturias (-1.1%) and Murcia (-1.8%).
Industrial production fell 0.5% in the month
On a monthly basis (October-September) and in the adjusted series, industrial production decreased by 0.5% in the tenth month of the year. In contrast to the 1.1% recovery experienced in September.
According to sectors, production increased at a monthly rate in October only in energy (+0.4%), while it decreased in capital goods (-1.8%); intermediate goods (-1.2%); durable goods (-0.6%) and non-durable goods (-0.1%)
According to activities, largest increases in production Compared to the previous month, the main drivers were clothing manufacturing (+32.3%); leather and footwear industry (+1.6%) and motor vehicle manufacturing (+1.4%).
In contrast, the most pronounced declines in production occurred in anthracite, coal and lignite extraction (-19.8%), other extractive industries (-12.1%) and graphic arts (-6.9%).