Sunday. 27.11.2022
ECONOMY

Spain industrial output grows slightly amid economic uncertainty

By sectors, capital goods (5.3%) and non-durable consumer goods (0.4%) showed positive monthly rates

welding welder factory industry by Pixabay.
Photo: Pixabay.

Spain's Industrial Production Index (IPI) adjusted for seasonal and calendar effects grew 0.4% in August compared with the previous month, according to the latest figures released by the Spanish statistical office (INE).

This rate is 1.4 percentage points higher than that observed in July (-1%), when the country was immersed in the same uncertainty caused by the sharp rise in consumer and energy prices.

IPI August. Source: INE.
Source: INE.

By sectors, capital goods (5.3%) and non-durable consumer goods (0.4%) showed positive monthly rates.

On the other hand Durable consumer goods (−4.1%), Energy (−2.5%) and Intermediate goods (−1.5%) showed negative monthly rates.

In year-on-year terms, Spain's industrial output adjusted for seasonal and calendar effects shows a variation of 5.5% in August compared with the same month of the previous year. This rate is 0.1 points higher than that registered in July.

The original (unadjusted) IPI series shows an annual variation of 5.8%. This rate is 4.4 points higher than that of July.

Spain industrial output grows slightly amid economic uncertainty
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