Spain: Industrial production growth softens in May
July 7, 2014
In May, industrial production rose a working-day adjusted 2.5% over the same month last year. May’s print represented a deceleration compared to the revised 4.1% increase recorded in April (previously reported: +4.3% year-on-year), but it did represent the seventh consecutive month of expansion in industrial output. May’s result mainly reflected a broad-based deceleration, with capital goods recording the weakest growth since August 2013.
Annual average variation of industrial production rose from 0.5% in April to 1.0% in May, marking the highest level since February 2011.