Spain: Industrial production growth loses steam in January
March 8, 2016
In January, industrial production rose 3.5% over the same month last year in working-day adjusted terms, which was below the revised 4.1% increase tallied in December (previously reported: +3.7% year-on-year). The print reflected a deceleration in intermediate goods production as well as a deterioration in energy output. Despite January’s slowdown, annual average variation of industrial production continued to rise, increasing from 3.3% in December to 3.6% in January, which marked the best result since May 2007.
On a monthly basis, industrial production in January fell 0.1% in working-day adjusted terms. The reading followed December’s revised zero growth (previously reported: -0.2% month-on-month).