Spain: Industrial output grows at fastest pace in over one year in December
Latest reading: Industrial output rose 0.9% month-on-month in seasonally adjusted terms in December (November: -0.7% mom). The result marked the best reading since November 2023. The reading reflected a broad-based improvement, with activity in the consumer goods, capital goods and intermediate goods sub-sectors all improving in December.
On a seasonally and calendar adjusted annual basis, industrial production rose 2.1% in December (November: -0.1% yoy), the best result since March 2023. Accordingly, the trend improved modestly, with the annual average growth of industrial production coming in at 0.4% in December, up from November’s 0.1% reading.