Spain’s industrial production fell -0.8% MoM and -0.4% YoY in November, the largest monthly decline since March. Only consumer durables increased at 1.4% MoM while capital goods and energy saw the largest declines at -1.8% MoM and -1.5% MoM respectively. On an annual basis, consumer goods production growth was positive at 1.1% while capital goods production growth was negative at -2.8% YoY.