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Spain Industrial production January 2022

Spain: Industrial output growth strengthens in January

Industrial output increased 1.7% year-on-year in seasonally- and calendar-adjusted terms in January (December: +1.3%). The uptick was largely due to an improvement in intermediate goods production growth. In addition, capital goods output fell at a softer pace.

On a monthly basis, industrial output dipped 0.1% in seasonally-adjusted terms in January, following December’s 2.6% slump, which had marked the worst result since April 2020. Meanwhile, annual average industrial production growth rose to 7.6% in January (December: +7.2%).

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