Ekonomické zprávy
10.12.2021

Spain's industrial production unexpectedly declined in October

Data published by the National Statistics Institute (INE) showed that industrial production unexpectedly fell in October, which was due to ongoing disruptions in the supply chain.

INE reported that on a monthly basis, industrial production decreased by 0.4% after being unchanged in September. The last drop was due to a reduction in production in the capital goods sector (-1.3%) and in the intermediate goods sector (-1.3%). Meanwhile, the increase was recorded in the sector of production of short-term consumer goods (+0.3%) and durable goods (+0.9%). Energy production also increased relative to September - by 0.9%.

The data also showed that industrial production decreased by 0.9% per annum in October after an increase of 0.4% in September (revised from +1.2%). Economists had expected a 0.7% increase.

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