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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SPAIN DATA
MNI (London)
SPAIN MAY IND PRD +4.3% M/M, +26.0% Y/Y; APR +1.2% M/M
- Spanish IP rose to 4.3%, in contrast to markets looking for a decline to 0.4%.
- This marks the highest reading since Jul 2020.
- Annual production decelerated to 26.0% in May, but still reflecting base effects due to the sharp decline at the beginning of the crisis.
- May's m/m uptick was led by a 12.7% increase in consumer durable goods output.
- Meanwhile, intermediate goods output came in flat and energy as well as capital goods production eased by 0.3% and 0.5%, respectively.
- Consumer non-durables output saw the largest m/m decrease in May, down 6.1%.
- The best performing sectors were repairs and installation of machinery equipment (+7.3%), followed by the manufacturing of electrical material and equipment (+5.7%).
- On the other hand, motor vehicle production saw the largest drop (-16.1%).
Source: Ine
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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