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2026-04-09 15:56:53
[Spain's Industrial Output Fell 1.1% Year-on-Year in February, Missing Expectations] ⑴ Spanish industrial output fell 1.1% year-on-year in February 2026, revised from a 0.2% decline in the previous month, significantly worse than the market expectation of a 1.5% increase. This marks the third consecutive month of decline in industrial activity and the largest drop in a year. ⑵ Breakdown data shows that durable consumer goods output fell 6.3% (previous month: 9.7%), intermediate goods fell 2.7% (previous month: 3.1%), and energy fell 1.5% (previous month: 4.8%). Meanwhile, capital goods output remained flat, while non-durable goods output rebounded by 0.6% (previous month: 1.7%). ⑶ After seasonal adjustment, Spanish industrial output fell slightly by 0.1% month-on-month in February, revised from a 0.7% decline in the previous month.
