La sagrada familia in Spain

Spain Industry March 2020

Spain: Industrial output drops at sharpest pace in over a decade in March on Covid-19 hit

Industrial production plummeted 12.2% year-on-year in seasonally- and calendar-adjusted terms in March (February: -1.5% year-on-year). March’s result marked the worst reading since September 2009.

The downturn was largely driven by a sharper contraction in consumer goods output and a collapse in the production of capital goods.

On a seasonally-adjusted monthly basis, factory output plunged 11.9% in March, contrasting February’s 0.1% uptick. The reading marked the worst result on record.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest