Instituto Nacional de Estadística

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Industrial Production Index (IPI). December 2020

The monthly variation of the Industrial Production Index is 1.1% if seasonal and calendar effects are eliminated. The annual rate of the Industrial Production Index stands at -0.6% in the series adjusted for seasonal and calendar effects, and at 2.9% in the original series. In 2020 as a whole, industrial production fell by 9.4% in the corrected series, and by 9.1% in the original series.

Industrial Production Indices - December 2020
Indicator Note Annual variation in the original series Annual variation in the corrected series
General index 2.9 -0.6
Consumer goods 0.1 -3.6
Capital goods 0.8 -3.3
Intermediate goods 5.9 2.4
Energy 4.2 3.4
  • Seasonally and calendar adjusted series
Latest data
December 2020 Published: 08/02/2021

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The Industrial Production Index (IPI) is a short-term indicator that measures the monthly evolution of the productive activity of the industrial branches, excluding construction, contained in the National Classification of Economic Activities 2009 (CNAE-2009). It therefore investigates the activities included in sections B, C, D and division 36: Water collection, treatment and supply, from section E of the CNAE-2009.

The IPI measures the joint evolution of quantity and quality, removing the influence of prices. In order to obtain this information a continuous monthly survey is carried out which investigates over 11,500 establishments every month.