Spain: Industrial production slows again in June
August 7, 2014
In June, industrial production rose a working-day adjusted 0.8% over the same month last year. June’s print represented a deceleration compared to the 2.5% increase recorded in May, but it did represent the eighth consecutive month of expansion in industrial output. The print mainly reflected a broad-based deterioration, with consumer goods decelerating sharply and capital goods contracting in June.
Nevertheless, annual average variation of industrial production rose from 1.0% in May to 1.2% in June, marking the highest level since February 2011.