Spain Industrial production February 2021

Spain

Spain: Industrial output contracts at softer pace in February

April 9, 2021

Industrial production dropped 2.1% year-on-year in seasonally- and calendar-adjusted terms in February, after contracting 2.3% in January and marking the 14th straight month of decline.

February’s result reflected a softer contraction in consumer goods production as well as unchanged production of intermediate goods—which had contracted in January. On the other hand, the manufacture of capital goods decreased at a sharper pace than in the previous month, while energy output growth lost pace.

On a seasonally- and calendar-adjusted monthly basis, factory output was unchanged from January, following January’s 0.8% decline. Lastly, the trend improved slightly, with the annual average variation of industrial production coming in at minus 9.3%, up from minus 9.4% in the previous month.

FocusEconomics Consensus Forecast panelists see industrial production increasing 8.0% in 2021 and 4.2% in 2022.


Author: Massimo Bassetti, Senior Economist

Sample Report

Looking for forecasts related to Industrial production in Spain? Download a sample report now.

Download

Spain Industrial production Chart


Spain Industry February 2021

Note: Year-on-year and annual average variation of seasonal-and calendar-adjusted industrial production index in %.
Source: National Statistical Institute (INE) and FocusEconomics calculations.


Spain Economic News

More news

Search form