Industrial production falls 0.8% in February

MADRID, 5 Abr.

Industrial production falls 0.8% in February

MADRID, 5 Abr. (EUROPA PRESS) -

The General Industrial Production Index (IPI) fell by 0.8% year-on-year last February, a rate 2.2 points lower than that of January, as reported on Wednesday by the National Institute of Statistics (INE).

With the advance in February, industrial production returns to negative interannual rates after showing a rise of 1.2% in the first month of the year.

The production of the capital goods industry was the one that rose the most in the second month of the year, registering an interannual rise of 5.5% in February, followed by the energy industry (0.6%).

In contrast, production fell in February in intermediate goods (-5.9% year-on-year), in durable consumer goods (-1.7% year-on-year) and in non-durable consumer goods, where it decreased by 0.9 % in relation to the same month of 2022.

By branches of activity, the ones that increased their production the most in the interannual rate were the manufacture of motor vehicles, trailers and semi-trailers (16.5%) and other extractive industries (9.6%).

Among the decreases, the most pronounced were registered by the wood and cork industry (-28.5%); graphic arts and reproduction of recorded media (-12.7%) and the manufacture of other non-metallic mineral products (-10.7%).

Adjusted for seasonal and calendar effects, industrial production fell by 0.4% in February compared to the same month in 2022, a rate 0.2 points lower than that of January.

In monthly terms, industrial production grew by 0.6%, a rate 1.4 points higher than that observed in January.

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