Spain Industrial production September 2020

Spain

Spain: Industrial output contracts at softest pace in seven months in September

November 6, 2020

Industrial production dipped 3.4% year-on-year in seasonally- and calendar-adjusted terms in September, less severely than August’s 5.7% decline. September’s reading marked the softest fall since February and the ninth successive month of contraction.

September’s result reflected an across-the-board improvement in the sub-components of the index. The production of consumer, capital and intermediate goods all fell at a milder pace compared to August and so did energy output.

On a seasonally- and calendar-adjusted monthly basis, factory output climbed 0.8% in September, up from August’s 0.4% uptick.

FocusEconomics Consensus Forecast panelists see industrial production increasing 7.0% in 2021 and 2.8% in 2022.


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Spain Industry September 20 20

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.


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