Macroeconomic indicators - Spanish September IPI down by 12pct YoY

Saturday, 07 Nov 2009

According to the statistics released by Spain's National Institute of Statistics on November 5th 2009, the country's general industrial production index adjusted for calendar effects declined by 12.5% YoY in September 2009 as compared to same month last year. In August, the IPI had decreased 12.7% YoY.

Meanwhile, in the first 9 months of 2009, Spain's average calendar adjusted IPI decreased by 18.8% as compared to the corresponding period of 2008. In the given period, manufacture of iron and steel products was one of the industries which witnessed a significant decrease in the IPI, with a year on year decline rate of 31.7%.

(Sourced from SteelOrbis)
Visit www.steelorbis.com for more