In September, industrial production plummeted 11.7% over the same month last year, the largest fall recorded since October 2009. The decline represented a deterioration compared to the revised 2.5% contraction observed in August (previously reported: -3.1% year-on-year). With this result, industrial output has now declined during 13 consecutive months. The monthly drop was driven by a sharp contraction in manufacturing as well as in the mining sector. On a working day adjusted basis, industrial output fell 7.0% over the same month last year. The decline exceeded both the revised 2.5% drop recorded in August (previously reported: -3.2% yoy) as well as market expectations of a 3.5% contraction. As a result of the larger contraction in September, the trend continues to point downwards, with annual average growth in industrial production dropping from minus 5.2% in August to minus 6.0%.
Industrial production falls most in almost three years
November 7, 2012
Looking for forecasts related to Industry in Spain? Download a sample report now.
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).