Spain: Industrial production slows to 13-month low in November
January 9, 2015
In November, industrial production was flat over the same month last year in working-day adjusted terms, which was well below the revised 1.1% increase tallied in October (previously reported: +1.2% year-on-year). The print, which represented the weakest reading since October 2013, mainly reflected a sharp contraction in production of energy and capital goods.
Annual average variation of industrial production inched down from October’s 1.7% to 1.5% in November, thereby reaching the lowest print in four months.