The Industrial Production Index (IPI) adjusted by working days decreased by 0.5% on a year-over-year basis in October 2018. By large industrial sectors, energy decreased by 4.1% and intermediate goods by 2.7%; while equipment goods increased by 3.8% and consumer goods by 0.4%.
In this same period the index of industrial production (which does not include energy and is not adjusted by working days) increased by 3.7% 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.