The industry cuts its sales by 5.3% in July and chains four months of declines

MADRID, 21 Sep.

The industry cuts its sales by 5.3% in July and chains four months of declines

MADRID, 21 Sep. (EUROPA PRESS) -

The industry's turnover fell by 5.3% last July compared to the same month in 2022, mainly due to the decline in sales of energy and intermediate goods, which decreased by 33%. 3% and 11.3%, respectively, according to data released this Thursday by the National Institute of Statistics (INE).

With the year-on-year decline in July, the industry's turnover has now seen four months of year-on-year declines, although that of July has been less pronounced than that recorded the previous month (-7%).

In monthly terms (July over June) and in data corrected for seasonality and calendar, the industry increased its sales by 0.8%, in contrast to the 2.8% decrease experienced the previous month.

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