Industrial production fell from a year-on-year decline of 3.6% in March this year to 7.0% in April, the National Statistics Institute (INE) announced on Thursday.
The industrial production index showed a year-on-year decline of 7%, “down 3.4 percentage points (pp) from that observed in March,” the INE stressed in a statement, justifying that the decline was “primarily impacted” by the group of energy, without which the aggregated index indicated a decline of 4.6%, while in the previous month the decline was 0.9%.
The statistics office also mentions that the energy company was the “most influential” contributor to the fall in the industrial production index in April, minus 3.2 percentage points (pp), caused by the drop in the rate to 18.1%, when the decline was 16.3% in March this year.
As for the consumer goods and intermediate goods groups, their contribution was negative by 2.4 percentage points (pp) and minus 1.9 percentage points (pp) respectively, due to the year-on-year contraction of 7.1% and 5.6% , against the 0.8% and 4.3% decline observed in March, in the same order.
The only positive contribution, of 0.6 percentage point (pp), came from the grouping of capital goods, although this has slowed down from a rate of change of 7.3% in March to an increase of 4.2% in the month under review . On a monthly basis, the industrial production index fell 5.6% in April, following a 0.3% decline in March.
Source: DN
