The Spanish industrial production increased by 2.3% annual in June After growing 1.7% in May, as published by the National Statistics Institute (INE). He Indicator records its fourth consecutive increase after starting the year with falls in January and February.
By sectors, all recorded positive rates. Energy presented the highest annual rate with a +7.5% while the durable consumer goods showed the lowest growth with a +0.1%.
By autonomous communities, the annual rate grew by 14 and decreased by three. The greatest growth occurred in Andalusia, Castilla y León and Asturias, while the descents were in the Basque Country, the Canary Islands and Extremadura.
At the monthly level, industrial production has grown 1.0% from 0.5% of the previous month, showing its largest increase in seven months.
Euro reaction
The euro remains today in red against the dollar but has reacted to the publication with a rebound close to 15 pips until reaching the 1,1560 area. The EUR/USD quotes when writing about 1,1558, losing 0.11% in the day.
Economic indicator
Industrial Production (Yoy)
Industrial production published by the National Statistics Institute It shows the production volume of Spanish industries, such as factories and manufactures. An increase is considered inflationary and can anticipate an increase in interest rates. In general, a high reading is considered positive (or bullish) for the euro, while a low reading is considered negative (or bassist).
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Last publication: MAR 05, 2025 07:00
Frequency: Monthly
Current: 23%
Dear: –
Previous: 1.7%
Fountain: INE
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
