The Industrial Production Index is a short-term indicator which measures trends in the volume of gross value added generated by industrial branches and by industry as a whole. It is a volume index and, therefore, measures changes in industrial production without the effect of prices.
The Industrial Production Index is calculated for the main industrial groupings, according to the economic destination of goods (in accordance with the classification of large industrial sectors set out in Commission Implementing Regulation (EU) 2020/1197 of 30 July). In addition, Idescat includes a disaggregation by industrial sections in accordance with the CCAE-2009 and by branches of activity within manufacturing industries.
Idescat also calculates the Production Index of industrial products, which includes all the large industrial sectors, except for energy.
Furthermore, it publishes the calendar and seasonally adjusted Industrial Production Index , which allows rates of change to be calculated between months of homogeneous duration and composition and without seasonal fluctuations. The adjustment is carried out for the overall index, for each of the main industrial groupings and for the sections and branches of activity provided.
The primary source of information is a continuous monthly survey carried out by INE.
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