The industry experienced a 7% decrease in its turnover during the month of June compared to the same period in 2022. This decline is mainly attributed to the drop in sales of energy and intermediate goods, which experienced declines of 40, 8% and 11.7% respectively. This is how the data from the National Institute of Statistics (INE) is collected and reported by Europa Press.
With this year-on-year decrease in June, industry billing has experienced three consecutive months of reductions compared to the previous year. Although the fall in June was more pronounced than that of May (-2.9%), it turned out to be less than that registered in April (-8.1%).
When the data is analyzed on a monthly basis (June in relation to May), and adjusted for seasonality and calendar, a decline of 2.8% in industry sales is observed, in contrast to the increase of 1.2% experienced in the previous month. The monthly decrease in June turns out to be the most marked since the previous March, when sales in the sector contracted by 2.9%.
The turnover of the food industry grew by 5%
The turnover of the food industry grew by 5% last June compared to the same month in 2022, the National Institute of Statistics (INE) reported this Thursday. The increase in accumulated turnover -except for milling products and animal feed- so far in 2023 is 13%, according to the general index of business figures (ICN) published by the INE.
The manufacture of beverages billed 0.8% more in June in the annual rate and the tobacco industry increased its turnover of 21.4% in the same period.
Among the manufacturers of intermediate goods, the turnover of the milling, starch and animal feed products industry fell by 8.6% in June compared to the same month in 2022. The annual variation of the ICN in the Industry stood at last June at -7%, and so far this year it has accumulated growth of 1.3%.