Spain: Growth in industrial production decelerates further in July
September 9, 2016
In July, industrial production rose 0.3% over the same month last year in working-day adjusted terms, which was well below the 0.8% increase recorded in June and marked the lowest reading since December 2014. The print reflected a notable deceleration in the production of consumer goods, which more than offset a faster rate of growth in intermediate and capital goods production. Annual average variation of industrial production edged down from 3.1% in June to 2.6% in July.
On a monthly basis, industrial production increased a timid 0.2% in working-day adjusted terms in July, which matched the reading registered in the previous month.
Author: David Ampudia, Economist