The industry cuts its sales by 7% in June and adds three months of declines

MADRID, Aug. 17 (EUROPA PRESS) - The turnover of the industry fell by 7% last June compared to the same month in 2022, mainly due to the decline in energy sales and intermediate goods, which decreased by 40.8% and 11.7%, respectively, according to data released this Thursday by the National Institute of Statistics (INE).

With the year-on-year decrease in June, industry turnover has already had three months of year-on-year falls, although June's was more pronounced than May's (-2.9%) but less than April's (- 8.1%).

Together with energy and intermediate goods, which led the setbacks in industrial billing, durable consumer goods also decreased their sales (-4.9%), compared to the increase experienced by capital goods (8.7%) and non-durable consumer goods (3.6%).

The branches where sales increased the most compared to June 2022 were the manufacture of electronic components (25.7%) and the tobacco industry (21.4%), while the largest year-on-year cuts in billing were recorded by the coking plants and petroleum refining (-40.8%) and the chemical industry except cleaning and polishing articles, perfumes and cosmetics (-24.6%).

Corrected for the calendar effect and seasonality, the industry's turnover decreased by 8.7% in June compared to the same month of the previous year, a rate almost five points lower than that of May.

SALES DROPPED 2.8% IN THE MONTH

In monthly terms (June over May) and in seasonally and calendar adjusted data, the industry cut its sales by 2.8%, in contrast to the 1.2% rise experienced the previous month. The monthly decline in June is the most pronounced since last March, when sales in the sector fell by 2.9%.

All sectors presented negative rates in their sales in June in the monthly rate except energy, which raised them by 2.2%. The greatest decreases were recorded by capital goods (-5.1%) and intermediate goods (-1.6%), followed by non-durable consumer goods (-1.1%) and consumer goods durable (-0.5%).

The activities that most increased their sales compared to May in the seasonally adjusted series were the tobacco industry (9.6%) and the leather and footwear industry (9.2%), while the largest monthly cuts were registered in the manufacture of other transport material (-30.9%) and the manufacture of other non-metallic mineral products (-6.4%).

SALES DECREASE IN 12 AUTONOMOUS COMMUNITIES

The turnover of the industry increased last June in five autonomous communities in the interannual rate, while it decreased in 12 regions.

The greatest increases occurred in the Canary Islands (8.5%), Navarra (8%) and La Rioja (5%), while the most pronounced decreases were registered in Murcia (-26.3%), Asturias (-24, 9%) and Andalusia (-17.7%).