In May, industrial production dropped 5.4% over the same month last year, which represents an improvement compared to the 8.2% drop observed in April. The softer decline was driven by a smaller contraction in the manufacturing sector, whereas the production of electricity and gas as well as mining deteriorated over the previous month. On a working day adjusted basis, industrial output fell 6.1%. The decline was less than the 8.3% drop recorded in April and better than market expectations of an 8.1% contraction. Despite the milder monthly contraction, the trend continues to point downwards, with annual average growth in industrial production falling from minus 4.2% in April to minus 4.7% in May.
Industrial production moderates pace of decline
June 6, 2012
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Spain Industry Chart
Note: Year-on-year and annual average variation of industrial production index.
Source: National Statistical Institute (INE) and FocusEconomics calculations.
Spain Economic News
October 7, 2016
In August, industrial production expanded 4.0% from the same month last year in working-day adjusted terms.
October 5, 2016
The Markit Purchasing Managers’ Index (PMI) Composite Output Index came in at 54.1 in September, which was slightly below August’s 54.8 reading.
September 30, 2016
Spain’s current account balance incurred a surplus of EUR 3.0 billion in July, which was above the EUR 2.7 billion surplus recorded in the same month of last year and marked the highest reading since December 2014.
September 29, 2016
In August, retail sales rose 4.9% over the same month last year as the discount season drew to an end.
September 29, 2016
In July, the Spanish Board of Architects (Colegio de Arquitectos Técnicos) granted 6,267 new construction permits, according to data published by the Ministry of Public Works (Ministerio de Fomento).