In October, industrial production fell a working-day adjusted 0.8% over the same month last year. The print contrasts the 0.8% increase recorded in September (previously reported: +1.4% year-on-year), which had marked the first expansion in industrial output since February 2011. The decline reflects a broad-based deterioration, with consumer goods and energy recording the largest drops. Conversely, capital goods recorded an expansion in October.
Annual average variation in industrial production rose from minus 3.6% in September to minus 3.2% in October, marking the highest level since March 2012.
FocusEconomics Consensus Forecast panelists see industrial production contracting 2.4% in 2013, which is up 0.1 percentage points from last month's forecast. For 2014, the panel sees industrial output rebounding to a 0.5% increase, which is down 0.1 percentage points over the previous month's estimate.
Industrial production declines following first expansion in over two years
December 5, 2013
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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).