Spain: Industrial output rebounds in February
Latest reading: Industrial output grew 0.7% in month-on-month seasonally adjusted terms in February, which contrasted January’s 1.2% decrease. Looking at the details of the release, capital goods output bounced back. That said, consumer goods output dropped in February.
On a seasonally and calendar adjusted annual basis, industrial production fell at a sharper rate of 1.9% in February (January: -1.2% yoy), the worst result since December 2023. Moreover, the trend pointed down, with the annual average variation of industrial production coming in at minus 0.1%, contrasting January’s plus 0.3% reading.