Spanish industrial production growth slows more than expected
Production growth has slowed every month since hitting a peak of 50.3% in April.
Spanish industrial production growth eased for a fifth straight month, and at a faster-than-expected pace, in September, preliminary data from the statistical office INE showed on Friday.
The industrial production index rose a seasonally adjusted 1.2% year-on-year, following a 1.8% increase in August.
Economists had forecast 1.5% growth. Production growth has slowed every month since hitting a peak of 50.3% in April.
Production of non-durable consumer goods rose 5.7% and that of intermediate goods increased 3.9%.
Capital goods production shrunk 5.8%, energy output fell 1.8% and durable consumer goods manufacturing decreased 0.1% from a year ago.
Month-on-month
The non-adjusted industrial production growth slowed to 1.9% from 3.6%.
Compared to the previous month, industrial production grew for the first time in four months.
Output rose 0.3% after a 0.2% fall in August.
Non-durable consumer goods production rose 1.9% and energy output increased 1.3%.