Spain: Industrial production picks up steam in June
August 7, 2015
In June, industrial production rose 4.5% over the same month last year in working-day adjusted terms, which was above the revised 3.2% increase tallied in May (previously reported: +3.4% year-on-year). June’s result marked the largest expansion since March 2010. The print mainly reflected an acceleration in the production of capital and consumer goods as well as of energy. In contrast, production of intermediate goods slowed compared to the previous month. As a result, annual average variation of industrial production jumped up from 1.1% in May to 1.5% in June.
On a monthly basis, industrial production expanded 0.4% in working-day adjusted terms in June. The result represented a slight slowdown from May’s 0.6% increase.