Industrial Production (Sep 2019) ........>

SPAIN DATA: Industrial Production (Sep 2019) 

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- Spain's monthly industrial output declined after Aug's rebound, in line with

expectations, while the annual rate came in weaker than expected. 

- IP fell by 0.8% on a monthly basis, leaving the index at a six-month low. 

- This leaves the annual rate at 0.8%, the lowest reading since March. 

- Sep's m/m downtick mainly stems from a sharp drop of capital goods (-2.6%)

followed by energy (-0.6%), intermediate (-0.4%) and consumer non-durable

(-0.2%) goods. 

- Consumer durable goods (+1.3%) was the only category to reveal a monthly

increase. 

- The annual slowdown was led by a decline in intermediate goods (-1.5%) and

consumer durables (-0.5%), while energy (3.0%), capital (2.1%) and consumer

non-durable (1.7%) goods posted yearly gains.