Spain: Industrial output rebounds in June
Industrial output rose 0.3% month-on-month in seasonally adjusted terms in June (May: -0.1% mom). The reading reflected a broad-based improvement, with activity in the consumer goods, capital goods and intermediate goods sub-sectors all improving in June.
On an annual basis, industrial output increased 0.6% in seasonally adjusted terms in June, which was better than May’s 0.4% expansion. Moreover, the trend improved slightly, with the annual average variation of industrial production coming in at minus 0.8%, up from May’s minus 1.0% reading.