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MNI: SPAIN DATA: Industrial Production (Apr 2019)....>

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MNI: SPAIN DATA: Industrial Production (Apr 2019) Preview - 08:00 BST
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- Bloomberg Consensus: 0.5% m/m, -0.2% y/y; Previous (Mar): -1.2% m/m, -3.1% y/y
- Despite declining in Feb (-1.0%) & Mar (-1.2%), a sharp 3.6% monthly gain in
Jan meant Spanish IP bounced back by 1.0% q/q in Q1...
- ... after a 0.7% q/q contraction in Q4
- Markets look for a slight rebound in production at the start of Q2, with a
0.5% uptick pencilled in for Apr
- Fwd-looking indicators suggest a weaker outlook for Spanish industry ahead
- Industrial new orders fell by 1.9% m/m in Mar
- Meanwhile Spain's manufacturing PMI fell by 1.7pts to 50.1 in May... 
- ...as production reportedly stalled & new orders fell slightly...
- ... with producers of investment & capital goods in particular struggling amid
the weak international demand environment

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