FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Spanish IP Stronger Than Expected

SPAIN DATA
MNI (London)

SPAIN JUL IND PRD +9.3% M/M, -6.4% Y/Y; JUN +13.6% M/M

  • Monthly IP ticked up again in Jul, growing by 9.3% and coming in stronger than markets expected (BBG: 3.5% m/m).
  • Jun's growth rate was revised down to 13.6% from 14.0% previously posted.
  • Annual IP improved further as well to -6.4%, also beating market forecasts looking for an uptick to -10.7%.
  • Jul's uptick was broad-based with consumer durable goods showing the largest m/m increase (+14.2%), followed by intermediate goods (+11.6%).
  • Energy output increased 7.3%, while capital goods rose 6.2% and consumer non-durable goods gained 0.9%.
  • On an annual basis, the leather and footwear industry (-31.4%) posted the biggest decline, while extractive industries (+10.2) and Pharmaceuticals (+9.0) showed the largest gains.

MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

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.