Spain Industrial Production Growth Improves Unexpectedly

spain-industrial-production-growth-improves-unexpectedly

Spain’s industrial production growth improved unexpectedly in August, though slightly, data from the statistical office INE showed on Thursday.

Industrial production climbed a seasonally and calendar-adjusted 5.5 percent year-over-year in August, just above the 5.4 percent rise in July. Meanwhile, economists had forecast the growth to ease to 4.8 percent.

Output produced in the capital goods sector was 12.6 percent higher in August compared to a year ago.

Energy production rose 9.4 percent, and that of consumer goods registered an increase of 5.7 percent. Meanwhile, production of intermediate goods fell 3.2 percent.

On an unadjusted basis, industrial production growth accelerated notably to 5.8 percent from 1.4 percent.

On a month-on-month basis, industrial production rebounded 0.4 percent in August, after a 1.0 percent decline in the prior month.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Related Articles

Responses

Your email address will not be published. Required fields are marked *