Three CCAAs cut production
Industrial production rose in fourteen autonomous communities in October when measured year over year, while Extremadura showed a sharp decline of 19.5 percent, Galicia fell by 5.4 percent, and Asturias decreased by 1.1 percent.
The most notable gains occurred in Cantabria with a 6.6 percent rise, followed by Murcia at 5.6 percent, Andalusia at 5.2 percent, and Madrid and Castilla y Leon each up by 4.8 percent.
On the opposite end, Catalonia posted a modest 0.4 percent increase, the Balearic Islands 1.1 percent, the Canary Islands 1.8 percent, and Aragon 1.9 percent, reflecting the softest year over year growth among the regions.
0.4% decrease month-on-month
From October to September, and when adjusted for seasonal factors, industrial production slipped by 0.4 percent, widening the September decline by 0.3 percentage points. This marks two consecutive monthly decreases. Source: National Statistics Institute.
By business line, the sharpest monthly drops in the seasonally adjusted series were in beverage manufacturing, down 7.2 percent, coke ovens and oil refining, down 7.1 percent, and wood products and cork, down 6.3 percent. Source: National Statistics Institute.
In contrast, the largest monthly gains were seen in other mining activities, up 20.9 percent, extraction of anthracite, coal, and lignite up 11.6 percent, and the graphic arts sector up 6.8 percent. Source: National Statistics Institute.
Overall, the October data indicate that while some sectors pulled back slightly on a monthly scale, others continued to push forward, signaling a mixed but resilient pattern in industrial output across the country. The broader trend points to pockets of strength in raw materials extraction and certain manufacturing lines, juxtaposed with downturns in consumer-oriented and downstream industries. These dynamics are watched closely by policymakers and market participants as they gauge short-term momentum against longer-term structural shifts. Source: National Statistics Institute.