In July, industrial production dropped 2.6% over the same month last year, which represents an improvement compared to the revised 6.8% contraction observed in June (previously reported: -6.9% year-on-year). That said, the figure marked the 11th consecutive month of declining industrial output. The softer decline in July was driven by an improvement in all sub-sectors composing the index, particularly manufacturing output. On a working day adjusted basis, industrial output fell 5.4% year-on-year. The decline undershot the revised 6.1% drop recorded in June (previously reported: -6.3% yoy) and came in broadly in line with market expectations of a 5.2% contraction. As a result of the smaller contraction, the trend appears to have stabilized, with annual average growth in industrial production rising from minus 5.1% in June to minus 4.9% in July
Industrial production eases pace of contraction
September 10, 2012
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Spain Industry Chart
Note: Year-on-year and annual average variation of industrial production index.
Source: National Statistical Institute (INE) and FocusEconomics calculations.
Spain Economic News
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.
September 29, 2016
In July, the Spanish Board of Architects (Colegio de Arquitectos Técnicos) granted 6,267 new construction permits, according to data published by the Ministry of Public Works (Ministerio de Fomento).