Spain: Industrial output bounces back in April
Industrial production grew 0.3% month-on-month in seasonally adjusted terms in April (March: -0.7% mom). Looking at the details of the release, capital goods output rebounded, while consumer goods output softened in April.
On an annual basis, industrial output increased 0.8% in seasonally adjusted terms in April, rebounding from March’s 1.3% fall. Moreover, the trend improved, with the annual average variation of industrial production coming in at minus 1.1% in April, up from March’s minus 1.3% reading.