The Spanish industrial production grew by 1.5% monthly in February, as reported by the National Institute of Statistics (INE). The January figure has also been revised upwards, now showing growth of 0.3% compared to -0.6% published a month ago.
The data improves market expectations, since a drop of 0.5% was expected. February is the largest increase recorded by the indicator in eleven months, since March 2023.
economic indicator
Industrial Production (MoM)
Industrial Production published by the National Statistics Institute measures the production of factories in Spain. Changes in the trend of industrial production are closely followed as an indicator of the strength of the manufacturing sector. A higher than anticipated reading is bullish for the Euro, while a lower reading is bearish.
Last post: Fri Apr 05, 2024 07:00
Frequency: Monthly
Current: 1.5%
Dear: -0.5%
Previous: -0.6%
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.
