The Industrial Production Index (IPI) adjusted by working days decreased by 1.5% on a year-over-year basis in September 2018. By large industrial sectors, intermediate goods decreased by 4.4%, equipment goods by 2.7% and energy by 1.0%; while consumer goods increased by 1.8%.
In this same period the index of industrial production (which does not include energy and is not adjusted by working days) decreased by 5.1% compared to the year before.
The Industrial Production Index is a short-term indicator that measures the monthly evolution in the volume of gross added value generated by industrial branches and by industry as a whole. It therefore measures the changes in industrial production without the price effect. Based on data from INE, Idescat makes a tabulation by major industrial sectors as well as by sections and divisions in the CCAE-2009. It also calculates the IPI corrected for calendar effects.