Spain: Industrial production rises in January
March 6, 2015
In January, industrial production rose 0.4% over the same month of the previous year in working-day adjusted terms, which was above the revised zero growth tallied in December (previously reported: -0.9% year-on-year). The print mainly reflected a rebound in energy production and an increase in the production of capital and intermediate goods, which was partly offset by sharp contraction in the production of consumer goods.
Annual average variation of industrial production inched down from December’s 1.3% to 1.2% in January, thereby reaching the lowest print in seven months.