Industrial production in Spain fell to 7-months low

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In November, Spain reduced the production of industrial goods by 1.5% compared to October. In October, an increase by 1.1% was observed. According to INE, the decline in production in November was the most significant in 7 months, as output fell in all subsectors. The output of goods for industrial purposes decreased by 1.8%, while the decline in the production of intermediate goods and durable goods was 1.7%. The output of consumer non-durable goods decreased by 1% compared to October data. Energy production fell 0.6%. In general, taking into account the calendar adjustment, industrial production in the country decreased by 2.6% over the year.

 

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