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Spain: Industrial production loses steam in April

June 5, 2015

In April, industrial production rose 1.8% over the same month last year in working-day adjusted terms, which was below the revised 3.2% increase tallied in March (previously reported: +2.9% year-on-year). The print mainly reflected a moderation in the production of consumer and intermediate goods, while production of capital goods accelerated compared to the previous month

Annual average variation of industrial production fell from March’s 1.3% to 1.1% in April.

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 April 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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