finance
Spain Industrial Production Rises 1.2% Month-on-Month in May, Beating Forecasts
Official data showed Spanish industrial output increased more than expected in May. Month-on-month growth reached 1.2 percent against a 0.4 percent consensus forecast. Year-on-year output also exceeded estimates.
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Spain's industrial production rose 1.2 percent month-on-month in May, @LiveSquawk reported. The figure exceeded the 0.4 percent consensus estimate and reversed the prior month's 0.4 percent decline. Year-on-year seasonally adjusted industrial output increased 3.4 percent in the same period.
That reading surpassed the 1.6 percent consensus forecast and improved on the previous 2.0 percent gain. The data reflect stronger-than-anticipated activity across Spanish factories and mines during the month.
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