Spain’s industrial production faced a setback in July 2024, recording a negative growth of 0.4%, according to the latest data updated on 10 September 2024. The latest figures mark a departure from the positive growth experienced in June 2024, which stood at 0.2%.This year-over-year comparison indicates a decline in Spain’s industrial sector performance, highlighting potential challenges in the national economy. While the previous month showed optimistic signs with a moderate increase, the latest downturn suggests a need for sustained efforts to rejuvenate the industrial framework and address underlying causes.Economists and policymakers are now scrutinizing these fluctuations to forecast future economic trends and strategize potential interventions to stabilize and boost industrial growth in Spain. The government’s forthcoming economic policies will be critical in navigating through this period of fluctuating industrial output.The material has been provided by InstaForex Company – www.instaforex.com
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