Spain | March closes a quarter in which industrial production increased progressively

After two sluggish months, industrial production (IPI) was corrected upwards in March (1,2% MoM cvec), preventing a fall for the whole of 1Q16 (0,1% t/t cvec). Despite the upturn at the end of the quarter, IPI's components moderated their quarterly growth, among which the energetic one stood out (-0,9% QoQ cvec), having three consecutive declining quarters (-6,3% en 4Q15).

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