The industry cuts its sales by 5.3% in July and chains four months of declines

MADRID, September 21 (EUROPA PRESS) - The industry's turnover fell by 5.3% last July compared to the same month in 2022, mainly due to the decline in energy sales and of intermediate goods, which decreased by 33.3% and 11.3%, respectively, according to data released this Thursday by the National Institute of Statistics (INE).

With the year-on-year decline in July, the industry's turnover has now seen four months of year-on-year declines, although that of July has been less pronounced than that recorded the previous month (-7%).

Along with energy and intermediate goods, which led the declines in industrial turnover, sales of durable consumer goods also decreased (-9.2%), compared to the increase experienced by capital goods (9.6%). and non-durable consumer goods (6.5%).

The branches where sales increased the most compared to July 2022 were the manufacturing of electronic components (26.3%) and the manufacturing of motor vehicles, trailers and semi-trailers (24.4%), while the largest year-on-year cuts in The turnover was recorded by coke plants and oil refining (-33.3%) and the chemical industry except cleaning and polishing items, perfumes and cosmetics (-23.7%).

Corrected for the calendar effect and seasonality, the industry's turnover decreased by 5.2% in July compared to the same month of the previous year, a rate three and a half points higher than that of June.

SALES INCREASE 0.8% IN THE MONTH

In monthly terms (July over June) and in data corrected for seasonality and calendar, the industry increased its sales by 0.8%, in contrast to the 2.8% decrease experienced the previous month.

All sectors presented positive rates in their sales in July on a monthly basis except durable consumer goods, which decreased by 2.7%. The largest increases were recorded in energy (9.8%) and capital goods (2.9%), followed by non-durable consumer goods (0.8%) and intermediate goods (0.3%). .

The activities that increased their sales the most compared to June in the seasonally adjusted series were coke plants and petroleum refining (9.8%), the manufacture of other transport materials (8.7%) and the tobacco industry (7.7%). ), while the largest monthly cuts were recorded in the repair and installation of machinery and equipment (-4%), metallurgy (-4%) and graphic arts and reproduction of recorded media (-2.4%).

SALES DECLINE IN 12 AUTONOMOUS COMMUNITIES

The industry's turnover increased last July in five autonomous communities in an interannual rate, while it decreased in 12 regions.

The largest increases occurred in Navarra (30.7%), La Rioja (9.4%) and the Canary Islands (7%), while the sharpest decreases were recorded in Asturias (-21%), Murcia (-17, 8%) and Andalusia (-16%).