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Financial News: Spain Industrial Production Growth Slows In December

Spain Industrial Production Growth Slows In December

02/07/2020 - 06:31:00 (RTTNews)

(RTTNews) - Spain's industrial production grew at a softer pace in December, figures from the statistical office INE showed on Friday.

Industrial production rose a calendar and seasonally adjusted 0.8 percent year-on-year in December, after a 1.6 percent increase in November.

Durable goods output grew 6.2 percent annually in December and production of capital goods rose 3.8 percent.

Meanwhile, production of intermediate goods and non-durable goods declined by 1.2 percent and 0.1 percent, respectively.

Energy output remained unchanged.

On a monthly basis, industrial production dropped 1.4 percent in December, after a 0.8 percent rise in the prior month.

In 2019, industrial production rose 0.6 percent from the last year.

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