Spain: Industrial output expands at fastest pace in six months in June
Latest reading: Industrial production expanded 1.0% month-on-month in seasonally adjusted terms in June (May: +0.5% mom). The print marked the best reading since December 2024. Looking at the details of the release, capital goods output gained momentum, while consumer goods output growth slowed in June.
On a seasonally and calendar adjusted annual basis, industrial production rose at a faster rate of 2.3% in June (May: +1.7% yoy), the best result since October 2024. Meanwhile, annual average industrial production growth rose to 0.5% in June (May: +0.3%), which marked an over two-year high.