Latest data released by INE - 5 July 2018
- Prior -1.8%
- Industrial output NSA +1.6% vs +11.0% y/y prior
- Industrial output SA +1.6% vs +1.7% expected
- Prior +1.9%; revised to +2.1%
Slightly weaker than estimated, but not major misses by any means. The seasonally adjusted figure for the prior month was adjusted upwards and that is a plus for the report. But for the month of May, a bit of a decline compared to that so it's not an entirely positive report.
Though compared to what is expected, not really an awful one either. Nonetheless, a minor data point.
