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Spain Industrial production December 2023

Spain: Industrial activity dips in December

Industrial output slid 0.2% year-on-year in seasonally and calendar adjusted terms in December, which contrasted November’s 0.9% increase. Looking at the details of the release, the contraction in consumer goods output worsened in December, and capital goods output also lost steam.

On a seasonally and calendar adjusted monthly basis, industrial output fell 0.3% in December (November: +1.1% mom) Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 0.7%, down from November’s minus 0.6%.

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