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HomeLatest NewsIndustry activity registers its most moderate monthly rise in October

Industry activity registers its most moderate monthly rise in October

Date: January 31, 2023 Time: 03:40:52

The Spanish industry has experienced a rise of 17.1% during the last month of October, which means that this rise is the most moderate since March. However, the positive rates have already reached more than 20 months, registering encouraging figures after the great blow of the Covid-19 pandemic. The data offered this Wednesday by the National Institute of Statistics (INE) show how the turnover of the industry rose the same percentage, 17.1%, if seasonal and calendar effects are corrected.

Taking into account the monthly variation, it can be observed that the general index of turnover for the industry has decreased by 2.3%, completely removing the seasonal and calendar effects. Although the rate has been 1.1 points higher than that registered during the previous month, September. In the accumulated of the first ten months, the billing of the industry has risen by 22.9% in the media without the corrected data (with these, it would be 23.2%).

However, within the monthly effects of October, the only sector that has obtained a positive rate has been non-durable consumer goods with 0.5%, while intermediate goods have stood at -1.0%, energy has registered figures of -1.4%, durable consumer goods are at -1.7% and capital goods at -4.0%. This explains the drop in the general index by 2.3%.

By economic destination, goods in October have registered positive rates in all sectors reflected by the INE. The energy sector has been the most outstanding with 47.5% except for energy supplies of electricity, gas, steam, air conditioning and water. This is followed by the consumer goods sector with 17.4%, capital goods with 16.5% and intermediate goods with 10.3%.

After correcting for seasonal and calendar effects, the increases have reflected 47.7% within energy, 17.8% in consumption, 16.8% within capital goods and 11% for intermediate goods. Taking into account the geographical records of sales, absolutely all markets have presented positive annual rates.

The 17.55% increase in the foreign market in the euro zone stands out. Within the domestic market this rise was 16.4% and in the foreign market outside the euro zone it was 15.2%. In the autonomous communities, the turnover increased in the interannual rate in all of them. The greatest increases occurred in Navarra with 31%, the Region of Murcia with 27.7% and the Valencian Community with 24.5%.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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