Spain: Industrial production eases from over-decade high in August
October 7, 2015
In August, industrial production rose 2.7% over the same month last year in working-day adjusted terms, which was below the 5.2% increase tallied in July. July’s result had marked the largest expansion in over a decade. The print reflected a broad-based deceleration in production across sectors. Despite August’s moderation, annual average variation of industrial production continued to rise, increasing from 1.9% in July to 2.1% in August, which marked the best result since November 2007.
On a monthly basis, industrial production contracted 1.4% in working-day adjusted terms in August. The result contrasted the 0.7% rise recorded in July and marked an over-two-year low.