Wed. Jan 22nd, 2020

Sales and industry orders fall in Spain

The turnover of the industry fell 5% last month of June With respect to the same month of 2018, its biggest cut in three years, while the order entries of the sector were reduced by 3.3%, according to data released Wednesday by the National Statistics Institute (INE).

With the interannual data for June, the turnover of the industry returns to negative rates and marks its biggest decline since July 2016, when sales sank more than 8%. On the other hand, the orders chain two consecutive months of falls, although the one registered in June is the most pronounced since March 2018.

Corrected the calendar effect and seasonality, the turnover of the industry fell 0.7% in June, while orders, on the contrary, advanced 0.9% year-on-year.

7.2% falls in Catalonia

The bulk of the autonomies remain in negative rates

In sales, the fall of 9.5% in energy and 2.5% in intermediate goods stands out. On the other hand, consumer goods grew 2.6% and capital goods 1.6%. By autonomy, the greatest decreases occur in Castilla y León (−14.5%), Galicia (−8.3%) and Catalonia (−7.2%). Regarding the areas to which sales are directed, "the decrease of −7.4% in the euro area of ​​the foreign market is noteworthy," notes the INE. The only increases occur in the Balearic Islands (9.7%), Castilla-La Mancha (2.1%) and Asturias (0.8%).

In monthly terms (June over May) and correcting the seasonality and calendar effect, the industry's turnover fell 0.5%, compared to the 0.3% decline in May, while the order entries rebounded 1 %, as opposed to the sharp decrease of 9% experienced the previous month.

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