Spain: Industrial output notches quickest growth since February in September
Latest reading: Industrial output increased 0.5% in month-on-month seasonally adjusted terms in September, which contrasted August’s 0.1% decrease. The print marked the best reading since February. The reading reflected a broad-based upturn, with activity in the consumer goods, capital goods and intermediate goods sub-sectors all improving in September.
On a seasonally and calendar adjusted annual basis, industrial output rebounded, rising 0.6% in September (August: -0.1% yoy), the best result since February. Moreover, the trend improved, with the annual average variation of industrial production coming in at an over one-year high of minus 0.4%, up from August’s minus 0.6%.