MADRID, Nov 5 - Spain's industrial production fell 0.1 percent year-on-year in September in calendar-adjusted terms but rose 2.0 percent in unadjusted terms, the National Statistics Institute (INE) said on Wednesday. August calendar-adjusted industrial production was revised to a rise of 0.7 percent from an increase of 0.4 percent year on year and the unadjusted figure was changed to a fall of 1.4 percent instead of a fall of 1.7 percent. The categories that fell most in the month were consumer durables and capital goods, which dropped 4.3 percent and 4.2 percent respectively in calendar-adjusted terms. Spain's economy is expected to grow 2.3 percent this year, according to the government's forecast. The central bank said on Tuesday it estimated third quarter growth had been 2.3 percent, the same as the second quarter, but it said consumer price inflation was still a concern. Industrial production is lagging that growth. The average increase in the index in the first nine months of this year is 1.4 percent, INE said.
The service sector is performing better. The services sector Purchasing Managers' Index rose to 56.1 points in October -- its highest level in 33 months and an increase from 53.7 points in September, data provided by NTC Research and the Spanish Association of Purchasing Managers showed on Wednesday. A figure below 50 indicates contraction while a number above 50 shows expansion. Future expectations also improved to 80.6 points in October from 77.5 a month earlier. October registered jobless figures from the Labour Ministry showed unemployment climbed in October. The ministry noted the figure traditionally rose in October as the tourist season ended and said a simultaneous increase in the number of people contributing to the social security system was encouraging.//