In January, industrial production rose a working-day adjusted 3.8% over the same month last year, which contrasted the 0.1% contraction observed in December, and overshot market expectations, which had industrial output expanding 1.0%. The reading marked the fastest expansion since March 2010, indicating the sector may be recovering from the sluggish conditions of the previous year. The January rise was driven by a 4.4% year-on-year increase in manufacturing output as well as a 3.0% rise in the electricity, gas, steam and air conditioning sector. Meanwhile, mining plunged 9.2%. On a use-based classification, intermediate and capital goods were the main drivers behind the January expansion. As a result of the increase, the trend continues to improve, with the annual average variation in industrial production jumping from 0.9% in December to 1.8% in January, which represented the fastest rate since February 2008.
Industrial production accelerates in January
March 4, 2011
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Spain Economic News
October 27, 2016
Unemployment in Spain fell to 18.9% in the third quarter, which beat both the 20.0% figure recorded in the previous quarter and the 19.3% reading the market had expected.
October 7, 2016
In August, industrial production expanded 4.0% from the same month last year in working-day adjusted terms.
October 5, 2016
The Markit Purchasing Managers’ Index (PMI) Composite Output Index came in at 54.1 in September, which was slightly below August’s 54.8 reading.
September 30, 2016
Spain’s current account balance incurred a surplus of EUR 3.0 billion in July, which was above the EUR 2.7 billion surplus recorded in the same month of last year and marked the highest reading since December 2014.
September 29, 2016
In August, retail sales rose 4.9% over the same month last year as the discount season drew to an end.