Industry in Spain
Spain - Industry
Industrial production rebounds from the first contraction in over two years in October
Industrial production rose a modest 0.8% year-on-year in seasonally- and calendar-adjusted terms in October, rebounding from September’s revised 0.2% dip (previously reported: -0.1% year-on-year), which had marked the first contraction in over two years. Nevertheless, annual average industrial output growth inched down to a 16-month low of 2.0% in October from 2.2% in September.
October’s result reflected the return to growth of most major sectors as the production of consumer, capital and intermediate goods rebounded compared to September. In contrast, energy output contracted in October, which weighed on the headline figure.
On a month-on-month basis, adjusted for seasonal and calendar effects, factory output climbed to an eight-month high of 1.2% in October, also rebounding from the 0.7% contraction logged in September.
Spain Industrial Production Forecast
FocusEconomics Consensus Forecast panelists see industrial production expanding 2.1% in 2019, which is unchanged from last month’s forecast, and 2.0% in 2020.
Spain - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -1.6 | 1.2 | 3.2 | 1.9 | 3.1 |
Spain Industry Chart
Source: National Statistical Institute (INE).
Spain Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.44 | 5.62 % | Dec 11 |
| Exchange Rate | 1.14 | 0.65 % | Dec 12 |
| Stock Market | 8,853 | -0.74 % | Dec 12 |
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Economic News
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December 5, 2018
Reflecting stronger activity growth in the manufacturing sector, the IHS Markit composite Purchasing Managers’ Index (PMI) inched up from 53.7 in October to 53.9 in November.
Spain: Industrial production rebounds from the first contraction in over two years in October
December 5, 2018
Industrial production rose a modest 0.8% year-on-year in seasonally- and calendar-adjusted terms in October, rebounding from September’s revised 0.2% dip (previously reported: -0.1% year-on-year), which had marked the first contraction in over two years.
Spain: Current account surplus declines in September
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Spain’s current account balance recorded a surplus of EUR 899 million in September, a marked decline from the EUR 1.9 billion surplus recorded in September 2017 and well below the EUR 1.8 billion surplus logged in August.
Spain: Retail sales rebound strongly in October
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Retail sales leaped 4.7% in year-on-year terms in October, contrasting the 3.1% dip logged in September and marking the sharpest increase since August 2016.
Spain: Housing permits growth decelerates sharply in September
November 29, 2018
According to data published by the Ministry of Public Works (Ministerio de Fomento), the Spanish Board of Architects (Colegio de Arquitectos Técnicos) granted 7,255 new construction permits in September.
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