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Industrial Price Index. 05/2020

The Industrial Products Price Index (excluding energy) decreased by 1.0% in year-over-year terms in Catalonia in May 2020. By large industrial sectors, energy prices (−19.9%) and intermediate goods (−4.6%) decreased, whereas equipment goods (0.1%) and consumer goods (1.8%) grew.

On the other hand, by industrial divisions, the most significant decreases in prices were registered in chemical industries (−10.2%) and metallurgy, manufacture of basic iron, steel and ferroalloy products (−6.9%). By contrast, prices industries of food products (2.3%) and printing and reproduction of recorded media (2.1%) increased.

During the same period, the Industrial Price Index decreased by 4.9% compared to the same month of the previous year.

The entry into force of Royal Decree 463/2020, of 14 March, whereby a state of alarm is declared for the management of the health crisis situation caused by COVID-19 has caused many companies to close or produce with less intensity from that date. Although this situation has meant that it has not been possible to contact some companies or for some respondents to complete the survey due to a lack of sales, the proportion of prices compiled has been very acceptable, as a result of which the quality of the indicators for the month is similar to that of others.