Spain’s Industrial Production Surges in September with Strong Energy and Capital Goods Output

Madrid:Spain's industrial production growth saw a significant rebound in September, driven primarily by strong performances in the energy and capital goods sectors, as reported by the country's statistical office, INE.

According to Wam, the industrial production in Spain rose by 2 percent year-on-year, following a 1.3 percent increase in August. This growth was notably supported by a 6.6 percent rise in energy production, along with a 2.8 percent increase in capital goods and a 1.8 percent rise in intermediate goods. However, consumer goods output experienced a decline of 1.6 percent.

On an unadjusted basis, Spain's industrial output climbed 2.5 percent year-on-year, building on a 1.3 percent rise recorded in August. Additionally, on a month-on-month basis, there was a 0.8 percent increase in industrial output for September, contrasting with a 0.7 percent decrease observed in the previous month.

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