Spain: Industrial activity drops again in February
Industrial production decreased 0.4% year on year in seasonally and calendar-adjusted terms in February (January: -0.2% ). February’s weakening was largely driven by a deterioration in consumer goods output. In contrast, capital goods output improved.
On a monthly basis, industrial output rose 0.6% in seasonally adjusted terms in February, contrasting January’s 0.8% fall. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 2.3%, down from January’s 2.6%.