The industrial production index went from a year-on-year drop of 2.1% in the first quarter to a growth of 1.7% in the second quarter, the National Statistics Institute (INE) announced on Monday.
This indicator registered a year-on-year increase of 3.7% in Junewhen the increase observed in May was 3%, said the INE, recalling that the interannual growth of industrial production in June was 0.7 percentage points (pp) higher than that registered in the previous month.
In the case of excluding the energy group, the only one that registered a fall, the aggregate index showed an increase of 7%, compared to a rise of 4.7% in the month of May this year, highlights the National Institute of Statistics .
The INE also mentions that the large industrial groups presented “disparate behaviors“, with investment goods and intermediate goods contributing 2.2 pp and 2.1 pp, respectively, as a result of year-on-year increases of 16.1% and 6.0% (4.4% and 3.1% in May), in the same order.
The grouping of consumer goods, for its part, went from a growth of 6.5% in May to an increase of 4.3% in the month of analysis, contributing, however, with 1.4 pp to the rise in the index total.
It is also mentioned that the only negative contribution (-2.0 pp) was due to the energy pool, as a result of a year-on-year drop of 10.6%, compared to a drop of 5.1% in the previous month.
In monthly terms, the industrial production index fell 1.5% in Junecompared to the decrease of 0.5% observed in the month of May, highlights the INE.
Source: Observadora
