Spain Industrial production April 2022

Spain

Spain: Industrial output grows in April

June 9, 2022

Industrial production expanded 2.4% year-on-year in seasonally- and calendar-adjusted terms in April (March: 0.0%). The acceleration was due to an improvement in consumer goods output and energy production growth as well as to a rebound in the production of capital goods. In addition, the contraction in intermediate goods production moderated.

On a monthly basis, factory output expanded 2.1% in seasonally-adjusted terms in April, contrasting March’s 2.0% fall. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 4.2% in April, down from March's 7.0%.

FocusEconomics Consensus Forecast panelists see industrial production increasing 3.8% in 2022 and 2.3% in 2023.


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Spain Industry April 2022

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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