Industrial production falls 0.4% in April after five positive months

MADRID, 7 Jun. (EUROPA PRESS) -

The General Industrial Production Index (IPI) fell 0.4% in April compared to the same month of 2021, a rate eight tenths lower than that of the previous month, as reported on Tuesday by the National Institute of Statistics (INE).

With the data for April, industrial production returns to declines after five consecutive months of positive year-on-year rates.

The production of the intermediate goods industry was the one that suffered the most in April, registering a year-on-year fall of 3.7%. Capital goods followed, with a drop of 1.6%. The rest of the sectors increased their production in the fourth month of the year, especially energy (3.9%) and durable consumer goods (3.5%). Non-durable consumer goods, for their part, increased their production by 1.7% year-on-year.

By branches of activity, the ones that increased their production the most in the interannual rate were the manufacture of garments (21.9%); the leather and footwear industry (21%), and the wood and cork industry (10.8%).

Among the decreases, the most pronounced were registered in other extractive industries (-13.5%); the manufacture of other transport material (-9.3%); water supply and sanitation activities (-8.7%); the manufacture of computer products (-8.4%), and the manufacture of motor vehicles (-8.1%).

Adjusted for seasonal and calendar effects, industrial production rose by 2.4% compared to April 2021, a rate more than two points higher than that of March, when there was no change.

In monthly terms (April over March) and within the corrected series, industrial production increased by 2.1%, its largest monthly increase since November 2021, when it increased by 2.2%.