Spain: Industrial production falls at a softer clip in February
Latest reading: Industrial production was down 0.1% on a working-day and seasonally adjusted month-on-month basis in February, following a 0.7% fall in the prior month.
Relative to the prior month’s data, readings in February improved for consumer goods (+1.5% in working-day and seasonally adjusted month-on-month terms vs -1.3% in January), capital goods (+0.2% vs -0.2% in January) and intermediate goods (+0.4% vs -1.8% in January). In contrast, the reading for energy softened in February (-4.0% vs +0.8% in January).
In working-day and seasonally adjusted year-on-year terms, industrial production fell 1.1% in February, following a 0.2% decline in the prior month.