Spain: Growth in industrial production remains weak in June
August 8, 2016
In June, industrial production rose 0.8% over the same month last year in working-day adjusted terms, which was just below the revised 0.9% increase tallied in May (previously reported: +1.0% year-on-year). The print reflected a deceleration in the production of intermediate and capital goods. Annual average variation of industrial production edged down from 3.4% in May to 3.1% in June.
On a monthly basis, industrial production increased 1.0% in working-day adjusted terms in June. The reading was down from the 3.9% increase tallied in the previous month.
Author: Dirina Mançellari, Senior Economist