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Industrial Production Index (IPI). December 2025. Provisional data 6 February 2026

The annual rate of the Industrial Production Index stood at -0.3% in the seasonally and calendar adjusted series and 2.8 in the original series. The monthly change in the Industrial Production Index was -2.5% if seasonal and calendar effects are eliminated.

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Industrial Production Indices - December 2025
Indicator Note Annual variation in the original series Annual variation in the corrected series
General index 2.8 -0.3
Consumer goods 4.6 0.8
Capital goods 1.4 -0.8
Intermediate goods 0.9 -1.6
Energy 4.6 3.9
  • Seasonally and calendar adjusted series
Latest data
December 2025 Published: 06/02/2026
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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.