In January, industrial production contracted 2.4% over the same month last year, which was softer than the revised 6.5% drop observed in December (previously reported: -7.0% year-on-year). On a working-day adjusted basis, industrial output declined a sharper 4.2%. The result was down from the 3.5% drop recorded in December (previously reported: -3.7% yoy) but came in virtually in line with market expectations, which had anticipated industrial output would fall 4.3%. The decline was broad-based, as all sub-sectors contracted over the same month the previous year. As a result of the negative monthly figure, the trend continues to point downwards, with annual average growth in industrial production falling from minus 1.4% in December to minus 2.0% in January.
Industrial production continues to decline
March 7, 2012
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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.