CdM | Spanish industrial production returned to negative rates in June, a month in which the General Industrial Production Index (IPI) fell by 1.4% year-on-year, according to data from the National Statistics Institute (INE). This rate is 1.4 points lower than in May. Adjusted for seasonal and calendar effects, the index presented a fall of 3% in June with respect to the same month the previous year. This rate is…
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.
The Corner | April 10, 2015 | Stronger than expected growth in the Spanish industrial sector is yet another indication that the economy is recovering, while a quiet day ahead is expected on European markets which were pacified by Greece’s payment of an outstanding I.M.F loans.