Spain: Industrial production picks up pace in September
November 6, 2015
In September, industrial production rose 3.8% over the same month last year in working-day adjusted terms, which was above the revised 2.8% increase tallied in August (previous reported: +2.7% year-on-year). The print reflected an almost across-the-board acceleration in production across sectors, with only energy decreasing, compared to last month’s reading. As a result of September’s figure, annual average variation of industrial production continued to rise, increasing from 2.1% in August to 2.3%, which marked the best result since November 2007.
On a monthly basis, industrial production in September expanded 1.2% in working-day adjusted terms. The result contrasted the 1.4% contraction recorded in August and marked a six-month high.