Spain Industry December 2015

Spain

Spain: Industrial production growth loses steam in December

February 8, 2016

In December, industrial production rose 3.7% over the same month last year in working-day adjusted terms, which was below the revised 4.3% increase tallied in November (previously reported: +4.2% year-on-year). The print reflected a deceleration in consumer and capital goods production. Despite December’s slowdown, annual average variation of industrial production continued to rise, increasing from 3.0% in November to 3.3% in December, which marked the best result since July 2007.

On a monthly basis, industrial production in December fell 0.2% in working-day adjusted terms. The reading contrasted November’s revised 0.1% increase (previously reported: 0.0% month-on-month).

FocusEconomics Consensus Forecast panelists see industrial production expanding 3.2% in 2016, which is down 0.1 percentage points from last month’s forecast. For 2017, the panel sees industrial output growth at 2.8%.


Author: Angela Bouzanis, Senior Economist

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Spain Industry December 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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