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Spain Industrial production September 2020

Spain: Industrial output contracts at softest pace in seven months in September

Industrial production dipped 3.4% year-on-year in seasonally- and calendar-adjusted terms in September, less severely than August’s 5.7% decline. September’s reading marked the softest fall since February and the ninth successive month of contraction.

September’s result reflected an across-the-board improvement in the sub-components of the index. The production of consumer, capital and intermediate goods all fell at a milder pace compared to August and so did energy output.

On a seasonally- and calendar-adjusted monthly basis, factory output climbed 0.8% in September, up from August’s 0.4% uptick.

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