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

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MNI: SPAIN DATA: Industrial Production (Apr 2019)
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- Spain's indust production rebounded by more than markets expected in Apr...
- ... expanding by 1.8% on the month (vs Bbg consensus + 0.5%)...
- .... to leave the annual rate at +1.7% (after -3.0% in Mar)
- Apr's rebound followed two consecutive monthly contractions in output in Feb
(-1.0%) & Mar (-1.2%)
- All five main sectors saw output increase m/m in Apr...
- ... with energy (+2.8%) & durable consumer goods (+2.7%) recording the
strongest gains
- Production of consumer non-durables (+1.6%), intermediate goods (+0.7%) &
capital goods (+0.4%) also expanded
- On the year, energy (-2.8%) was the weakest performing sector...
- ... while all other categories saw output up compared with Apr 2018: capital
goods (+3.0%), intermediate goods (+1.9%), consumer non-durables (+1.9%) &
consumer durables (+1.6%)

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