In November, industrial production expanded a working-day adjusted 2.3% over the same month the previous year, which contrasted a 1.9% contraction in October and belied market expectations of a 3.4% decline. The November expansion was driven by a 2.5% year-on-year increase in manufacturing output, which contrasted the 4.6% drop in October. Moreover, the electricity, gas, steam and air conditioning sector continued to grow (+6.4% yoy), whereas mining dropped (-5.7% yoy). On a use-based classification, rising output of intermediate goods and energy were the main drivers behind the November expansion. Durable consumer goods production was the only sub-sector that contracted over the same month last year. The trend continues to improve, with the annual average variation in industrial production jumping from 0.1% in October to 0.8% in November, which marks the second positive reading since April 2008.
Industrial production rebounds in November
January 5, 2011
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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).