Spain Industry June 2019

Spain

Spain: Industrial production picks up in June

August 8, 2019

Industrial production rose 1.8% year-on-year in seasonally- and calendar-adjusted terms in June, accelerating from May’s 1.4% increase. As a result, the annual average variation in industrial output edged up to minus 0.1% in June from minus 0.3% in the previous month.

June’s reading largely reflected a pick-up in capital goods and energy output compared to May. Meanwhile, production of consumer goods slowed and intermediate goods output contracted for the second consecutive month.

On a month-on-month basis, adjusted for seasonal and calendar effects, factory output declined 0.2% in June, contrasting the 0.3% rise logged in May.

FocusEconomics Consensus Forecast panelists see industrial production expanding 1.0% in 2019, which is unchanged from last month’s forecast, and 1.6% in 2020.


Author:, Economist

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Spain Industry June 2019 0

Note: Year-on-year and annual average variation of seasonal-and calendar-adjusted industrial production index.
Source: National Statistical Institute (INE) and FocusEconomics calculations.


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