Spain's industrial output grows 0.6% in September

Spain’s industrial output increased by 0.6% year-on-year in September 2024, reversing the 0.1% decline in August and exceeding analysts' expectations of a 0.2% gain.

Spain's industrial output grows 0.6% in September This marks a return to growth after two months of contraction, with output rising fastest since February. The increase was driven by notable rebounds in critical sectors, including energy (2.3% vs. -1.1% in August), intermediate goods (2% vs. 1.4%), and consumer goods (1.3% vs. -0.3%).

Spain's industrial output rises 0.5% in September, capital goods production declines

However, capital goods production continued to decline, down by 2.9%, matching the previous month's pace. On a seasonally adjusted monthly basis, industrial output rose by 0.5% in September, the most significant increase in seven months, following a 0.1% decrease in August.