Spain Industrial production March 2022

Spain

Spain: Industrial output growth falls in March

May 10, 2022

Industrial production rose 0.1% year-on-year in seasonally- and calendar-adjusted terms in March (February: +2.8%). The reading reflected a broad-based downturn, with activity in the consumer goods, capital goods and intermediate goods sub-sectors all deteriorating in March.

On a monthly basis, factory output dropped 1.8% in seasonally-adjusted terms in March, which contrasted February’s 0.9% increase. Meanwhile, the trend weakened, with the annual average growth of industrial production coming in at 7.0%, down from February's 8.1%.

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


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