According to data from the statistical office INE, the declines in the output of intermediate products and energy caused Spain’s industrial production to decrease in January.
In contrast to the 0.7 percent rise in December, industrial output decreased by an adjusted 0.4 percent on a yearly basis.
Industrial output, meanwhile, showed a 1.2 percent annual growth on an unadjusted base following a 3.1 percent decline.
The 4.1 percent decline in intermediate products and the 3.8 percent decline in energy production were the main contributors to the adjusted annual decline.
Production of consumer products increased by 1.8 percent, and output of capital goods increased by 6.4 percent, partially offsetting these declines.
Data indicated that industrial output decreased 0.9 percent month over month, reversing the 0.8 percent increase in December.
Source: RTT News
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