empty
 
 

2023.10.0513:26:00UTC+00Spain's Industrial Output Falls At Faster Rate

Spain's industrial output declined at a faster pace in August, largely due to lower energy and intermediate goods production, the statistical office INE reported Thursday.

Industrial output declined 3.4 percent year-over-year in August, which was worse than the 2.2 percent decrease in July.

The expected decline was 2.1 percent. Production has been falling since April.

On an unadjusted basis, the annual decrease in industrial production was 3.6 percent, compared to a 2.1 percent fall seen a month ago.

Production of energy and intermediate goods registered a strong decline of 6.2 percent and 4.3 percent, respectively. Capital goods output fell 2.3 percent.

Month-on-month, industrial production dropped 0.8 percent versus a 0.1 percent rebound in July.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback