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Spain Industrial production August 2022

Spain: Industrial output growth speeds up in August

Industrial output increased 5.5% year on year in seasonally and calendar-adjusted terms in August (July: +5.4% ). Looking at the details of the release, consumer goods output rose at a quicker pace in August, and capital goods output also gained steam. Meanwhile, intermediate goods production declined at a more pronounced pace.

On a monthly basis, factory output increased 0.4% in seasonally adjusted terms in August, contrasting July’s 1.0% fall. Meanwhile, annual average industrial production growth rose to 2.9% in August (July: +2.6%), signaling an improving trend in the industrial sector.

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