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Spain Industrial production February 2024

Spain: Industrial output records quickest growth since March 2023 in February

Industrial output rose 1.5% year on year in seasonally and calendar-adjusted terms in February (January: +0.3%). The figure marked the best reading since March 2023. Looking at the details of the release, February’s pickup was broad-based, with the consumer goods, capital goods and intermediate goods sub-sectors all accelerating.

On a monthly basis, industrial production increased 0.7% in seasonally adjusted terms in February, which was above January’s 0.6% expansion and marked the best result since March 2023. Meanwhile, the trend improved modestly, with the annual average variation of industrial production coming in at minus 0.9%, up from January’s minus 1.1%.

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