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Spain Industry January 2019

Spain: Industrial production rebounds from sharpest contraction in six years in January

Industrial production increased 2.4% year-on-year in seasonally- and calendar-adjusted terms in January, contrasting December’s revised 5.9% decline (previously reported: -6.2% year-on-year), which had marked the sharpest contraction in six years. In turn, annual average industrial output growth ticked up to 0.5% in January from 0.3% in December.

January’s rebound reflected a return to growth in output across all major sectors. The production of consumer, capital and intermediate goods rose after contracting in the previous month while energy output broke a three-month streak of declines, rebounding solidly in January.

On a month-on-month basis, adjusted for seasonal and calendar effects, factory output climbed 3.4% in January, contrasting the 1.2% fall logged in December.

Spain Industrial Production Forecast

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