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Industrial Production Index (IPI). November 2025. Provisional data 9 January 2026

The annual rate of the Industrial Production Index stood at 4.5% in the seasonally and calendar adjusted series and 1.8 in the original series. The monthly change in the Industrial Production Index was 1.0% if seasonal and calendar effects are eliminated.

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Industrial Production Indices - November 2025
Indicator Note Annual variation in the original series Annual variation in the corrected series
General index 1.8 4.5
Consumer goods -0.2 3.5
Capital goods -0.7 0.9
Intermediate goods 2.7 3.2
Energy 6.9 7.2
  • Seasonally and calendar adjusted series
Latest data
November 2025 Published: 09/01/2026
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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.