Spain: Industrial production growth loses steam in December
February 8, 2016
In December, industrial production rose 3.7% over the same month last year in working-day adjusted terms, which was below the revised 4.3% increase tallied in November (previously reported: +4.2% year-on-year). The print reflected a deceleration in consumer and capital goods production. Despite December’s slowdown, annual average variation of industrial production continued to rise, increasing from 3.0% in November to 3.3% in December, which marked the best result since July 2007.
On a monthly basis, industrial production in December fell 0.2% in working-day adjusted terms. The reading contrasted November’s revised 0.1% increase (previously reported: 0.0% month-on-month).