Spain April industrial production -1.8% vs -0.2% m/m expected

Latest Spanish industrial output figures released - 6 June 2018

  • Prior +1.2%; revised to +1.0%
  • Industrial output NSA +11.0% vs -3.6% y/y prior
  • Industrial output SA +1.9% vs +5.1% y/y expected
  • Prior +5.1%; revised to +4.6%

The seasonally adjusted figures are rather poor, well below expectations - goes for both the monthly and yearly estimates. Although a minor and lagging data point, it's not an encouraging one for Eurozone economic data.

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