In August 2021, industrial production decreased by 9.9% in unadjusted data compared to July 2021 and when adjusted by number of working days and seasonality, remained at the same level.
Compared to August 2020, industrial production rose by 3% in unadjusted data and by 0.5% when adjusted for seasonality.
In August 2021, industrial production (unadjusted data) decreased by 9.9% compared to July 2021 due to drops in the three industrial sectors: manufacturing (-11.4%), the electricity, gas, steam and air conditioning supply (-4.0%) and mining and quarrying (-1.6%). Industrial production (adjusted by number of working days and seasonality) remained at the same level as in July 2021. Manufacturing was up 0.1%, while the electricity, gas, steam and air conditioning supply was down 3.5%, and mining and quarrying dropped 2.6%.
Compared to August 2020, industrial production (unadjusted data) increased by 3% due to rises in the electricity, gas, steam and air conditioning supply (+7.4%), manufacturing (+2.5%) and mining and quarrying (+0.5%). Industrial production (adjusted by number of working days and seasonality) was up 0.5% due to the rises reported for the electricity, gas, steam and air conditioning supply (+7.8%) and mining and quarrying (+0.5%). A 1.0% drop was recorded for manufacturing.
In January-August 2021 compared to the same period in 2020, industrial production (unadjusted data) increased by 12.7% due to rises in manufacturing (+13.7%) and the electricity, gas, steam and air conditioning supply (+12.3%). Mining and quarrying fell by 1.6%. Industrial production (adjusted by number of working days and seasonality) was up 13.1% January-August 2021 compared to the same period in 2020 due to rises reported for manufacturing (+13.2%) and the electricity, gas, steam and air conditioning supply (+12.4%). Mining and quarrying dropped 2.1%.
The industrial production index (IPI) is a volume index and measures the evolution of the results of industrial activities in one period compared to another.
The industrial production indices describe the evolution of industry overall, by CANE Rev. 2 sections (mining and quarrying, manufacturing, the electricity, gas, steam and air conditioning supply) and divisions, as well as by main industrial groupings.