Spain's Industrial Output Growth Declines to 1.1% in June as Manufacturing Momentum Weakens
According to data released by the National Statistics Institute (INE) on Friday, Spain's calendar-adjusted industrial output increased by 1.1% in June compared to the same month last year, a significant decrease from a revised 3.4% annual growth in May. This slowdown indicates a cooling trend in the manufacturing sector following a robust spring period, reflecting diminished demand.
According to data released by the National Statistics Institute (INE) on Friday, Spain's calendar-adjusted industrial output increased by 1.1% in June compared to the same month last year, a significant decrease from a revised 3.4% annual growth in May. This slowdown indicates a cooling trend in the manufacturing sector following a robust spring period, reflecting diminished demand.
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