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Spain Industrial production May 2022

Spain: Industrial output grows at a quicker pace in May

Industrial production expanded 3.8% year-on-year in seasonally- and calendar-adjusted terms in May (April: 2.3% yoy). The acceleration was driven by stronger output growth in the production of consumer and capital goods as well as energy. Moreover, intermediate goods rebounded.

On a monthly basis, factory output contracted 0.2% in seasonally-adjusted terms in May, contrasting April’s 2.1% increase. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 2.7% in May, down from April’s 4.2%.

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