FXstreet.com (Barcelona) - Industrial production rose by 0.4% in October offsetting the 0.4% decrease registered in September, according to the latest information by National Statistics.
Manufacturing production rose by 0.3% in October following the 0.6% decrease posted in September. Market expectations were an increase by 0.2% in both indexes, industrial and manufacturing production.
On yearly basis, industrial production rose by 1.0% and manufacturing production increased by 0.3% in October. September growth rates were revised to -0.4% and -0.2% in industrial and manufacturing indexes respectively. Initial estimations were a decline by 0.2% in industrial production and a 0.1% drop in manufacturing production.