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Spain Industrial production January 2024

Spain: Decline in industrial activity softens in January

Industrial output slid 0.6% year on year in seasonally and calendar-adjusted terms in January (December: -1.4% ). Looking at the details of the release, January’s improvement was broad-based, with the consumer goods, capital goods and intermediate goods sub-sectors all improving.

On a seasonally and calendar adjusted monthly basis, industrial production rebounded, rising 0.4% in January (December: -0.6% mom), the best result since March 2023. Meanwhile, annual average of industrial production was 1.3% in January, matching December’s reading.

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