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Spain's Industrial Output Grows, US Inflation Data in Focus
Confirmed
In Short: Spain's industrial output grew by 2.3% year-over-year in July, up from 1.1% in the previous month.

Spain's industrial output grew by 2.3% year-over-year in July, up from 1.1% in the previous month, according to reports. This growth indicates a rebound in the manufacturing sector, following softer labor market signals in recent months.
Global temperatures reached 16.96°C in August, matching July 2023 as the highest recorded for any month, according to the EU’s Copernicus Climate Change Service (C3S). This temperature exceeded 1.5°C above pre-industrial levels for the first time since November 2025.
The 1.5°C threshold is particularly significant because the Paris Agreement’s nearly 200 signatories agreed to pursue efforts to limit long-term global warming to that level above pre-industrial temperatures. Long-term warming is currently estimated at about 1.4°C above pre-industrial levels, highlighting the urgency of climate action.
What's confirmed
- Spain's industrial output grew by 2.3% year-over-year in July, up from 1.1% in the previous month, according to reports. This growth indicates a rebound in the manufacturing sector, following softer labor market signals in recent months.
- Global temperatures reached 16.96°C in August, matching July 2023 as the highest recorded for any month, according to the EU’s Copernicus Climate Change Service (C3S). This temperature exceeded 1.5°C above pre-industrial levels for the first time since November 2025.
- The 1.5°C threshold is particularly significant because the Paris Agreement’s nearly 200 signatories agreed to pursue efforts to limit long-term global warming to that level above pre-industrial temperatures. Long-term warming is currently estimated at about 1.4°C above pre-industrial levels, highlighting the urgency of climate action.
What's still developing
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- The commodity, however, remains below the $4,450 pivotal point as bulls seem hesitant ahead of US inflation figures.
- The US Producer Price Index report will be published later today, while the US Consumer Price Index is due on Friday.
- The latest US jobs report did not end the debate over the Federal Reserve’s (Fed) next move.
- It may have done something more subtle: it gave policymakers permission to keep their options open.
- Information on these pages contains forward-looking statements that involve risks and uncertainties.
- Global temperatures reaches 16.96°C, briefly exceeding 1.5°C above pre-industrial levels as extreme heat, wildfires, floods and droughts intensified worldwide Updated 4 minutes ago · Published on 10 Sep 2026 10:55AM THE month of August this year tied the record for the world’s hottest month since records began, with global average temperatures exceeding 1.5°C above pre-industrial levels for the first time since November 2025, the EU’s Copernicus Climate Change Service (C3S) said on Thursday.
