The IPRI for Spanish Textiles Increased by 0.9% Year-on-Year in August 2013

The Industrial Price Index (IPRI) for Spanish textiles increased by 0.9 percent year-on-year in August 2013, according to the data released by the National Statistics Institute (INE).   However, in the manufacture of apparel segment, the IPRI showed a decline of 1.6 percent year-on-year during the month of August, 2013.   According to the INE data, the manufacturing industry, which includes the manufacturing of textiles and apparel, registered a 0.8 percent decline year-on-year during the month.   Overall, the annual rate of IPRI for the month of August declined by 0.1 percent which is 1.1 percent lower than the overall IPRI recorded during the month of July, 2013.   IPRI measures the monthly change in prices of industrial products manufactured and sold. The index measures ex-factory selling prices that do not include expenses incurred on marketing, transportation and value-added tax (VAT).