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Industrial Climate Indicator (ICI)

Industrial Climate Indicator (ICI) Catalonia. September, 2019
Value month Previous month Same quarter previous year
Industrial Climate Indicator 8.4 4.8 -4.0
order book 10.5 4.3 -1.5
stock of finished products 4.8 4.7 15.2
production trend 19.6 14.7 4.6
Capital goods 6.7 8.2 7.3
Intermediate goods 17.6 5.8 -9.6
Consumer goods -9.4 -5.7 -1.0
Units: Answers balances.
Source: Ministry of Labour, Social Affairs and Families, based on data Ministry of Industry, Trade and Tourism.
Industrial Climate Indicator (ICI) Spain. September, 2019
Value month Previous month Same quarter previous year
Industrial Climate Indicator -5.3 1.3 -3.6
order book -7.1 -0.2 -2.7
stock of finished products 11.1 1.9 10.8
production trend 2.4 6.0 2.7
Capital goods -4.1 10.5 2.2
Intermediate goods -8.9 -2.0 -6.7
Consumer goods -1.3 2.8 0.7
Units: Answers balances.
Source: Ministry of Industry, Trade and Tourism.

Date published: October 9, 2019. Next update: November 11, 2019

Annual data

Methodological note

It is an index based on a monthly survey of business opinion. Questions are asked about order books, finished product stocks, production and sale price trends. In each question interviewees are asked about level and trend with three options:

  • positive (high, excessive, rising, rise)
  • negative (feeble, insufficient, descent, reduce)
  • stall (normal, adequate, stability, sustain)

The results are presented as balances of the percentages of positive and negative answers.

They should not be interpreted quantitatively but rather as a qualitative trend. To facilitate skimming of the results the Industrial Climate Indicator (ICI) is calculated, which is the average of balances of business opinions on total order book level, finished product stocks level (in reverse) and production trends.

In May 2009 data for Catalonia were revised so as to harmonise the seasonal-adjustment system with the one used by the Ministry and the EU.