Spain Industry


Spain: Industrial production picks up steam in June

August 7, 2015

In June, industrial production rose 4.5% over the same month last year in working-day adjusted terms, which was above the revised 3.2% increase tallied in May (previously reported: +3.4% year-on-year). June’s result marked the largest expansion since March 2010. The print mainly reflected an acceleration in the production of capital and consumer goods as well as of 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 1.1% in May to 1.5% in June.

On a monthly basis, industrial production expanded 0.4% in working-day adjusted terms in June. The result represented a slight slowdown from May’s 0.6% 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 Chart

Spain Industry June 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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