In January, industrial production rose a working-day adjusted 1.1% over the same month last year. The print followed the 2.2% increase recorded in December (previously reported: +1.7% year-on-year) and marked the third consecutive month of expansion in industrial output. January's print mainly reflected faster growth in both consumer and capital goods, whereas the energy category experienced a sizeable contraction. Annual average variation in industrial production rose from minus 1.5% in December to minus 1.0% in January, marking the highest level since October 2011. FocusEconomics Consensus Forecast panelists see industrial production expanding 1.3% in 2014, which is unchanged from last month's forecast. For 2015, the panel sees industrial output growth at 2.3%.
Industrial production records third consecutive expansion in January
March 10, 2014
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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).