Spain: Industrial output expands at fastest pace in six months in June
Latest reading: Industrial production expanded 1.0% month-on-month in seasonally adjusted terms in June (May: +0.5% mom s.a.). The print marked the best reading since December 2024. Looking at the details of the release, capital goods output gained momentum, while consumer goods output growth slowed in June.
On a seasonally and calendar adjusted annual basis, industrial production rose at a faster rate of 2.3% in June (May: +1.7% yoy), the best result since October 2024. Meanwhile, annual average industrial production growth rose to 0.5% in June (May: +0.3%), which marked an over two-year high.