Spain: Industrial output rebounds in December
Industrial output rose 0.6% year-on-year in seasonally and calendar-adjusted terms in December, which contrasted November’s 0.7% decrease. The reading was partly driven by a rebound in consumer goods output. In addition, capital goods production strengthened.
On a monthly basis, industrial output increase 0.8% in seasonally adjusted terms in December, which followed Novembers 0.7% fall. Meanwhile, annual average industrial production growth fell to 2.9% in December (November: +3.0%). This signals a worsening trend in the industrial sector.