The index of new orders for industry (IECI) for industrial products, excluding energy, registered an inter-annual decreases of 4.5% in Catalonia in July 2016. By large industrial sectors, all recorded year-on-year decreases: intermediate goods (−7.8%), consumer goods (−2.9%) and equipment goods (−1.7%). In this same period, the general IECI index fell by 6.1% compared with the previous year in Catalonia.
The Industrial New Orders Received Index is a short-term indicator used to measure the monthly dynamics of orders received by industrial companies. It is a value index, i.e. it measures the joint evolution of amounts, qualities and prices.
To obtain this indicator, the INE conducts an on-going monthly survey. For Catalonia, it researches some 2,300 companies operating in the industrial sector, which are used to obtain the general indice. Idescat calculates the non-energy industrial products index for Catalonia and Spain, and breaks the figures down into large industrial sectors for Catalonia.