The Industrial Turnover Index rose in nominal terms in August, despite a sharp drop in the energy sector. At the same time, the national market continues to grow but exports have decreased.
According to data released by INE this Thursday, October 9, the total index rose 0.7% in August (deceleration compared to 2.0% in July).
Records indicate a 2.1% growth in sales to the domestic marketwhich corresponds to a slowdown of 0.5 percentage points (pp) compared to July. On the other hand, sales to the foreign market fell 1.5%after an increase of 0.8% in the previous month.
Separating industrial groupings, August brought an increase of 8.0% in turnover with Investment Goodswhile a 3.4% increase in Consumer Goods. On the other hand, Energy was the protagonist of a 7.6% dropwhile Intermediate Goods fell 0.2%.
At the same time, employment fell 0.6% and wages increased 4.3%.