The index of new orders for industry (IECI) for industrial products, excluding energy, registered an increase of 5.1% in year-over-year terms in Catalonia in July 2018. All of the large industrial sectors showed decreases: equipment goods (7.3%), intermediate goods (5.7%) and consumer goods (3.0%). In this same period, the general IECI index grew a 6.2% 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 and large industrial sectors. Idescat calculates the non-energy industrial products index for Catalonia and Spain.