Spain Industry


Spain: Industrial production rises in January

March 6, 2015

In January, industrial production rose 0.4% over the same month of the previous year in working-day adjusted terms, which was above the revised zero growth tallied in December (previously reported: -0.9% year-on-year). The print mainly reflected a rebound in energy production and an increase in the production of capital and intermediate goods, which was partly offset by sharp contraction in the production of consumer goods.

Annual average variation of industrial production inched down from December’s 1.3% to 1.2% in January, thereby reaching the lowest print in seven months.

FocusEconomics Consensus Forecast panelists see industrial production expanding 2.2% in 2015, which is unchanged from last month’s forecast. For 2016, the panel sees industrial output growth at 2.6%.

Author: Angela Bouzanis, Senior Economist

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Spain Industry Chart

Spain Industry January 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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