Spain: Industrial activity deteriorates in April
Latest reading: Industrial output fell 0.8% in month-on-month seasonally adjusted terms in April, which contrasted March’s 0.9% increase. The notable deterioration came on the heels of a widespread power blackout on 28 April. Looking at the details of the release, production of both capital and intermediate goods dropped. However, consumer goods output gained steam.
On an annual basis, industrial output grew 0.6% in seasonally adjusted terms in April, which was below March’s 0.9% expansion. Meanwhile, annual average of industrial production was steady coming in at March’s 0.1% in April.