Spain’s industrial output contracts in January, confirming weakness in sector

Spain industrial production

Tuesday’s session had few major macroeconomic releases. In Spain, industrial production in January contracted and confirms the weakness of the sector. Industrial sector activity fell by -0.9% on a monthly basis, which means that in year-on-year terms industrial production fell by -0.4% compared to +0.7% in the previous month. This negative figure confirms that the rise in production costs and the lower demand continue to punish the industrial sector.

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The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.