Spain’s industrial production rose at a faster pace in April, underpinned by output growth in consumer goods and energy sectors, preliminary data from the statistical office INE showed Tuesday. <\/p>\n
The seasonally and calendar adjusted industrial production index climbed 2.4 percent year-on-year following a 0.4 percent rise in March, which was revised from a 0.1 percent increase. Economists had expected production to fall 0.2 percent. <\/p>\n
Production of consumer goods increased 6.2 percent annually. Output of consumer durable goods increased 7.8 percent and that of non-durables grew 5.2 percent. <\/p>\n
Energy production rose 4.6 percent and capital goods output increased 2.1 percent. Production of intermediate goods decreased 0.2 percent. <\/p>\n
Without adjustments, industrial production decreased 0.4 percent annually in April after remaining unchanged in the previous month. <\/p>\n
On a month-on-month basis, industrial production increased 2.1 percent, reversing a 2.0 percent fall in March. <\/p>\n
The latest Purchasing Managers’ survey showed that manufacturing activity expanded at a slightly faster pace in May on strong growth in output despite stagnant demand conditions caused by concerns over inflation and geographical uncertainty.<\/p>\n