The Industrial Production Index (IPI) adjusted by working days decreased by 4.3% on a year-over-year basis in November 2018. By large industrial sectors, all of them registered decreases: intermediate goods (−6.6%), energy (−5,9%), equipment goods (−3.9%) and consumer goods (−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 4.1% 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.