Spain: Industrial activity drops in January
Latest reading: Industrial output declined 1.0% in month-on-month seasonally adjusted terms in January, which contrasted December’s 1.1% increase. January’s notable weakening was partly due to a deterioration in consumer goods output growth. In addition, capital goods output fell.
On an annual basis, factory output fell 1.0% in seasonally adjusted terms in January, contrasting December’s 2.0% expansion and marking the worst result since March 2024. Moreover, the trend pointed down, with the annual average growth of industrial production coming in at 0.3% in January, down from December’s 0.4% reading.