The Industrial Price Index (IPRI) for Spanish textiles increased by 0.8 percent year-on-year in November 2013, according to the data released by the National Statistics Institute (INE). The IRPI registered in the month of November is slightly higher than IPRI recorded in October, 2013.
As per the INE data, the IPRI in the manufacture of wearing apparel segment saw a decline of 1.1 percent in the month of November, compared to the same month last year.
The IPRI of the overall manufacturing industry of Spain, which includes the manufacturing of textiles and apparel, saw a decrease of 1.4 percent in the month of November, compared to the same month in 2012.
Overall, the annual rate of the IPRI for the month of November in the country decreased by 0.6 percent which is four tenths below the IPRI registered in October, 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).
The INE is the official organization in Spain that collects statistics about demography, economy, and Spanish society. It is an autonomous organization in Spain responsible for overall coordination of statistical services of the General State Administration in monitoring, control and supervision of technical procedures.
