Industrial production registered a drop for the third consecutive month in April, decreasing by 3.8 percent from March. Seasonally adjust figures by the National Statistics Office show that the index of total production fell to 100.4, a drop of 3.0 percent compared with the same month last year. In fact, results for April are the lowest over the twelve-month period.
Declines were reported across all main industrial groupings, but the biggest changes were registered in the production of capital goods and energy, falling by 13.2 percent and 8.0 percent, respectively. Intermediate goods decreased by 2.2 percent and consumer goods by 2.1 percent.
Compared with April 2019, the variation in the production of capital goods was even more marked, dropping by 18.7 percent. Intermediate goods slipped by 1.5 percent, but increases were recorded in consumer goods (+2.4%) and energy production (+3.4%).
The index of industrial production is a main indicator for economic development and is used to pinpoint changes in trends at an early stage.