Industrial Production Index declined 2.4% year-on-year in January

The Industrial Production Index (IPI) fell by 2.4% year-on-year in January 2021, due to the negative impact of the three sectors that comprise it, reported the National Statistics Institute (INE). The Manufacturing Production Index (IPMan) was the most influential in the result, registering a 4.4% drop compared to the same month of the previous year. The Index of Electricity, Gas and Water Production (IPEGA) fell 1.6%, while the Mining Production Index (IPMin) showed a year-on-year decline of 0.4%.

Source: Diario Estrategia