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Industrial Production Index (IPI). May 2025. Provisional data 4 July 2025

The annual rate of the Industrial Production Index stood at 1.7% in the seasonally and calendar adjusted series and -0.8 in the original series. The monthly change in the Industrial Production Index was 0.6% if seasonal and calendar effects are eliminated.

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Industrial Production Indices - May 2025
Indicator Note Annual variation in the original series Annual variation in the corrected series
General index -0.8 1.7
Consumer goods -0.8 2.5
Capital goods -0.4 1.5
Intermediate goods -2.4 0.0
Energy 1.5 2.2
  • Seasonally and calendar adjusted series
Latest data
May 2025 Published: 04/07/2025
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The Industrial Production Index (IPI) is a short-term indicator that measures the monthly evolution of the productive activity of the industrial branches, excluding construction, contained in the National Classification of Economic Activities 2009 (CNAE-2009). It therefore investigates the activities included in sections B, C, D and division 36: Water collection, treatment and supply, from section E of the CNAE-2009.

The IPI measures the joint evolution of quantity and quality, removing the influence of prices. In order to obtain this information a continuous monthly survey is carried out which investigates over 11,500 establishments every month.