Spain: Industrial production gathers pace in July
September 10, 2015
In July, industrial production rose 5.2% over the same month last year in working-day adjusted terms, which was above the 4.5% increase tallied in June. July’s result marked the largest expansion in over a decade. The print mainly reflected an acceleration in the production of consumer goods and energy. In contrast, production of intermediate goods slowed compared to the previous month. As a result, annual average variation of industrial production jumped up from 1.5% in June to 1.9% in July.
On a monthly basis, industrial production expanded 0.7% in working-day adjusted terms in July. The result represented an acceleration from June’s 0.4% increase.