Industrial production showed a year-on-year and monthly drop in Septemberdue to the negative impact of two of the three sectors that make it up, as indicated by the National Institute of Statistics (INE) in its report.
In year-on-year terms the indicator fell 0.3%while on a monthly basis the decrease was 5.5%, which corresponds to its largest monthly decline since April of last year.
According to the INE, this drop is due to the fall of the Manufacturing Production Index and the Electricity, Gas and Water Production Index.
The Manufacturing Production Index (IPMan) showed a year-on-year decrease of 1.1%mainly explained by the decline of 7.8% over twelve months in the production of food products. The manufacture of base metals and recording printing and playbacks. On the opposite side, the manufacture of manufactured metal products, except machinery and equipment, showed an increase.
Regarding Index of Production of Electricity, Gas and Water (IPEGA), had a drop of 2.5% in twelve months, since two of the three activities that comprise it presented a reduction in their activity, highlighting mainly electricity with a drop of 2.1%.
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Finally, the Mining Production Index (IPMin), grew 1.3% year-on-year, due to the advance of metal mining activity, which had an increase of 1.8%.
The Trade Activity Index (IAC) at constant prices showed a year-on-year increase in Septemberexplained by the progress of two of the three divisions that make it up, according to INE figures.
Specifically, he showed a increase of 3.2%, below 4.4% that he had written down the previous month.
Retail trade, except for motor vehicles and motorcycles, showed a year-on-year increase of 4.6%while wholesale trade, except for motor vehicles and motorcycles, grew by 2.5%.
Wholesale and retail trade and repair of motor vehicles and motorcycles, showed a drop of 0.8%. The Supermarket Sales Index (ISUP) at constant prices had an increase of 0.4% in twelve months, as reported by the INE.
