According to the data published on August 14th by the National Institute of Statistics, in June 2019, industrial production decreased by 7.0% as gross series compared to the previous month and was down 1.0% as series adjusted by number of working days and seasonality.
Compared to the same month of the previous year, industrial production fell by 6.6% as gross series and dropped 4.1% as series adjusted by number of working days and seasonality. In the 1.I-30.VI.2019 period, industrial production decreased by 0.6% as gross series compared to the 1.I-30.VI.2018 period and was down 0.4% as series adjusted by number of working days and seasonality.
As shown in the press release, in June 2019, industrial production (the gross series) decreased by 7.0% compared to the previous month due to falls in the three industrial sectors: manufacturing (-8.1%), mining and quarrying (-1.9%) and the electricity, gas, steam and air conditioning supply (-1.4%).
Industrial production (the series adjusted by number of working days and seasonality) was down 1.0% from the previous month. Manufacturing dropped 1.1%, while mining and quarrying rose by 0.7%. The electricity, gas, steam and air conditioning supply remained at the same level. Compared to the same month of the previous year, industrial production (the gross series) fell by 6.6% due to drops in mining and quarrying (-7.9%) and manufacturing (7.7%). The electricity, gas, steam and air conditioning supply was up 2.3%.
Industrial production (the series adjusted by number of working days and seasonality) decreased by 4.1% due to the falls reported for mining and quarrying (-8.1%) and manufacturing (-5.3%). A 2.0% rise was reported for the electricity, gas, steam and air conditioning supply.
In the 1.I-30.VI.2019 period, industrial production (the gross series) was down 0.6% from the 1.I-30.VI.2018 period. Manufacturing fell by 0.6%, and the electricity, gas, steam and air conditioning supply also dropped 0.6%. A 0.4% fall was recorded for mining and quarrying.
Industrial production (the series adjusted by number of working days and seasonality) decreased by 0.4% in the 1.I-30.VI.2019 period compared to the 1.I-30.VI.2018 period due to the drops reported for mining and quarrying (-0.5%), the electricity, gas, steam and air conditioning supply (-0.5%) and manufacturing (-0.2%).
Note: The industrial production index (IPI) is a volume index and measures the evolution of the results of industrial activities in one period compared to another. The industrial production indices describe the evolution of industry overall, by CANE Rev. 2 sections (mining and quarrying, manufacturing, the electricity, gas, steam and air conditioning supply) and divisions, as well as by main industrial groupings.
For further information: National Institute of Statistics – Industrial production indices