Spain's Industrial Production Sees a Modest Rise

In a recent report released by the Spanish statistical office INE, it was revealed that the country's industrial production experienced a 1% increase in June compared to the previous month. This growth signals a positive trend in Spain's industrial sector.

Energy and Capital Goods Lead the Growth

Energy production saw a significant jump of 7.5%, while capital goods production also showed a robust increase of 4.7% year-over-year. The output of intermediate goods grew slightly by 0.8% on a yearly basis.

Consumer Durables Lag Behind

On the other hand, the production of consumer durables recorded the lowest annual rate of just 0.1%, indicating a slower pace in this segment.

Overall Positive Trend

When adjusted for seasonal and calendar effects, the industrial production index rose by 2.3% year-on-year, underscoring a steady recovery in Spain's industrial output.