{"id":56941,"date":"2025-12-05T04:38:17","date_gmt":"2025-12-05T08:38:17","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/european-economic-data-presents-mixed-signals-spains-industrial-output-and-housing-trends-diverge-switzerlands-reserves-rise\/56941\/"},"modified":"2025-12-05T04:38:17","modified_gmt":"2025-12-05T08:38:17","slug":"european-economic-data-presents-mixed-signals-spains-industrial-output-and-housing-trends-diverge-switzerlands-reserves-rise","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/european-economic-data-presents-mixed-signals-spains-industrial-output-and-housing-trends-diverge-switzerlands-reserves-rise\/56941\/","title":{"rendered":"European Economic Data Presents Mixed Signals: Spain&#8217;s Industrial Output and Housing Trends Diverge, Switzerland&#8217;s Reserves Rise"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Spain&#39;s industrial production in October saw a monthly increase of 0.7%, surpassing estimates, but its non-seasonally adjusted annual growth significantly slowed to 1.6% from 4.5%.<\/strong><\/li>\n<li><strong>Spanish house price growth decelerated quarter-on-quarter in Q3 to 2.9% from 4.0%, while the year-on-year growth for Q2 remained robust at 12.8%.<\/strong><\/li>\n<li><strong>Switzerland&#39;s foreign currency reserves rose to CHF 727.4 billion in November, an increase from the previous month&#39;s CHF 724.8 billion.<\/strong><\/li>\n<li><strong>Russia&#39;s narrow money supply contracted slightly in November, and Singapore reported a strong 4.5% growth in retail sales.<\/strong><\/li>\n<\/ul>\n<p>Economic data released today painted a mixed picture across Europe, with Spain showing divergent trends in its industrial and housing sectors, while Switzerland&#39;s foreign currency reserves grew. Meanwhile, Russia&#39;s money supply contracted, and Singapore posted solid retail sales growth.<\/p>\n<p>In <strong>Spain<\/strong>, industrial production in October increased by <strong>0.7%<\/strong> month-on-month, exceeding the estimated <strong>0.5%<\/strong> and the previous month&#39;s <strong>0.4%<\/strong>. However, the year-on-year figures presented a more cautious outlook; seasonally adjusted industrial output grew by <strong>1.2%<\/strong> (above the <strong>0.8%<\/strong> estimate but down from <strong>1.7%<\/strong> previously), while non-seasonally adjusted output saw a substantial slowdown, rising only <strong>1.6%<\/strong> compared to <strong>4.5%<\/strong> in the prior period.<\/p>\n<p>The Spanish housing market also showed varied performance. The INE House Price Index for Q3 indicated a quarter-on-quarter increase of <strong>2.9%<\/strong>, a deceleration from the <strong>4.0%<\/strong> recorded previously. Conversely, the year-on-year house price growth for Q2 actually edged up to <strong>12.8%<\/strong> from <strong>12.7%<\/strong>, suggesting sustained annual appreciation despite the recent quarterly slowdown.<\/p>\n<p>Elsewhere, <strong>Switzerland&#39;s<\/strong> foreign currency reserves saw an increase in November, reaching <strong>CHF 727.4 billion<\/strong>, up from <strong>CHF 724.8 billion<\/strong> in October. This modest rise indicates a continued accumulation of foreign assets by the Swiss National Bank.<\/p>\n<p>In other global economic news, <strong>Russia&#39;s<\/strong> narrow money supply in November registered <strong>19.07 trillion<\/strong>, a slight contraction from the <strong>19.14 trillion<\/strong> reported in the previous month. Separately, <strong>Singapore<\/strong> announced a healthy <strong>4.5%<\/strong> growth in its retail sales, signaling robust consumer activity in the Southeast Asian nation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Spain&#39;s industrial production in October saw a monthly increase of 0.7%, surpassing estimates, but its non-seasonally adjusted annual 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