The Industrial Production Index is a short-term indicator that measures changes in the volume of gross value added generated by industrial sectors and industry as a whole. As an index value it measures changes in industrial production, without taking into account the effect of prices.
The Industrial Production Index is calculated for the large industrial sectors, according to the economic destination of goods (defined by EC Regulation No. 656/2007 of the Commission of the European Communities, amending EC Regulation No. 586/2001, in reference to the definition of large industrial sectors). Idescat includes a disaggregation of equipment goods and intermediate goods for Catalonia. It also provides this for the four sections of the CCAE-2009 and the divisions within manufacturing industries.
Idescat also calculates the Industrial Production Index of industrial products, which includes all the large industrial sectors, except for energy.
Furthermore, it publishes the Industrial Production Index corrected for the effects of the work calendar, which allows for calculation of variation rates between months of equal duration. The correction is performed for the general index and each of the large industrial sectors.
The primary source of information is a continuous monthly survey carried out by the INE.