The General Index of Industrial Production (IPI) rebounded an average of 2.6% in 2017, driven by all sectors, especially by durable consumer goods and intermediate goods, as reported by the National Institute of Statistics (INE) on Thursday. ).

In this way, the industrial production chains its fourth consecutive annual rise after those achieved in 2016 (+ 1.6%), 2015 (+ 3.3%) and 2014 (+ 1.5%), the latter year in the which achieved its first upturn since the crisis broke out in 2007.

In 2017, the production of durable consumer goods increased by an average of 5.5% compared to the previous year; that of intermediate goods did so by 5%; that of capital goods increased by 2.5%; that of energy by 1.6%, and that of non-durable consumer goods rose by 0.3%.

Corrected for seasonal and calendar effects, industrial production increased by 3% in 2017, with increases in all sectors. The biggest growth was for durable consumer goods (+ 5.6%), followed by intermediate goods (+ 5.3%), capital goods (+ 2.9%), energy (+ 2%) and non-durable consumer goods (+ 0.8%).

In 2017, industrial production increased in 14 autonomous communities. Murcia (+ 9.2%), Cantabria (+ 7.3%) and Asturias (+ 7.2%) presented the highest average rates, while the only decreases corresponded to La Rioja (-5.9%), Castilla y León (-5.2%) and Navarra (-0.8%).

Up 2.9% year-on-year in December

In the last month of 2017, industrial production registered a growth of 2.9% compared to December 2016, two percentage points lower than in November. However, with the year-on-year advance of December, industrial production linked eight consecutive months of interannual increases.

Corrected for seasonal and calendar effects, industrial production presented a year-on-year growth of 6.1% in December with respect to the same month of 2016, a rate 1.5 points higher than that recorded in November.

In December, the indexes corrected for seasonal and calendar effects presented positive annual rates in all sectors. The greatest increase was recorded by energy (+ 9.7%), followed by capital goods (+ 9.3%) and intermediate goods (+ 6%).

In monthly rate (December of 2017 on November of the same year), the industrial production increased 0,9% eliminating the seasonal and calendar effects, in contrast with the monthly advance of 1,1% in November and with the regression of 0 , 6% a year earlier.

By industrial sectors, all presented positive monthly rates in December, highlighting the advances of durable consumer goods (+ 3.2%), energy (+ 1.5%) and capital goods (+ 1.1%) .

EXPANSIÓN – BY Expansión.com / EP – 02/08/2018 (Translation Soft)