Spain Industry February 2019


Spain: Industrial production slips in February

April 5, 2019

Industrial production slipped 0.3% year-on-year in seasonally- and calendar-adjusted terms in February, contrasting January’s revised 2.7% increase (previously reported: +2.4% year-on-year). In turn, annual average industrial output growth edged down to 0.3% in February from 0.5% in January.

February’s dip reflected weaker dynamics across all major sectors. The production of consumer and capital goods lost pace compared to January while energy and intermediate goods output swung to contraction in February.

On a month-on-month basis, adjusted for seasonal and calendar effects, factory output declined 1.1% in February, contrasting the solid 3.6% rise logged in January.

Spain Industrial Production Forecast

FocusEconomics Consensus Forecast panelists see industrial production expanding 0.8% in 2019, which is down 0.3 percentage points from last month’s forecast, and 1.6% in 2020.

Author:, Economist

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Spain Industry Chart

Spain Industry February 2019 0

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

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