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Spain: Industrial production gathers pace in July

September 10, 2015

In July, industrial production rose 5.2% over the same month last year in working-day adjusted terms, which was above the 4.5% increase tallied in June. July’s result marked the largest expansion in over a decade. The print mainly reflected an acceleration in the production of consumer goods and energy. In contrast, production of intermediate goods slowed compared to the previous month. As a result, annual average variation of industrial production jumped up from 1.5% in June to 1.9% in July.

On a monthly basis, industrial production expanded 0.7% in working-day adjusted terms in July. The result represented an acceleration from June’s 0.4% increase.

FocusEconomics Consensus Forecast panelists see industrial production expanding 2.0% in 2015, which is up 0.2 percentage points from last month’s forecast. For 2016, the panel sees industrial output growth at 3.1%.


Author: Angela Bouzanis, Senior Economist

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Spain Industry July 2015

Note: Year-on-year and annual average variation of working-day adjusted industrial production index.
Source: National Statistical Institute (INE) and FocusEconomics calculations.


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