Spain Industrial production July 2022

Spain

Spain: Industrial output growth dips in July

September 13, 2022

Industrial output grew 5.3% year on year in seasonally- and calendar-adjusted terms in July (June: +7.0% ). The result largely reflected weaker consumer goods output. In addition, intermediate goods output contracted.

On a seasonally- and calendar-adjusted monthly basis, factory output fell 1.1% in July (June: +1.1% mom). Meanwhile, the trend improved, with the annual average growth of industrial production coming in at 2.6%, up from June's 2.4% reading.

FocusEconomics Consensus Forecast panelists see industrial production increasing 2.4% in 2022 and 2.4% in 2023.


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