Industry in Spain
Spain - Industry
Industrial production growth remains steady in August
Industrial production grew 1.2% year-on-year in seasonally- and calendar-adjusted terms in August, remaining steady from July’s increase (previously reported: +0.5% year-on-year). Nonetheless, annual average industrial output growth ticked down from 2.7% in July to 2.6% in August, an 11-month low.
August’s result reflected moderating growth in the production of capital and intermediate goods as well as a strong rebound in energy output offsetting a slightly larger fall in the production of consumer goods compared to July.
On a month-on-month basis, adjusted for seasonal and calendar effects, factory output climbed 0.7% in August, a stronger expansion than the revised 0.1% rise logged in July (previously reported: -0.3% month-on-month).
Spain Industrial Production Forecast
FocusEconomics Consensus Forecast panelists see industrial production expanding 2.5% in 2018, which is up 0.1 percentage points from last month’s forecast. For 2019, the panel expects industrial production to grow at 2.2%, down 0.1 percentage points from last month’s estimate.
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 | 1.65 | 5.62 % | Oct 17 |
| Exchange Rate | 1.15 | 0.65 % | Oct 18 |
| Stock Market | 8,890 | -0.74 % | Oct 18 |
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Economic News
Spain: Industrial production growth remains steady in August
October 5, 2018
Industrial production grew 1.2% year-on-year in seasonally- and calendar-adjusted terms in August, remaining steady from July’s increase (previously reported: +0.5% year-on-year).
Spain: Composite PMI dips to multi-year low in September
October 3, 2018
Reflecting moderating activity growth in both the services and manufacturing sectors, the IHS Markit composite Purchasing Managers’ Index (PMI) slipped from 53.0 in August to 52.5 in September, a multi-year low.
Spain: Retail sales rebound in August
October 1, 2018
Retail sales rose a mild 0.3% in year-on-year terms in August, rebounding from the 0.7% dip logged in July.
Spain: Current account surplus drops markedly in July
September 28, 2018
Spain’s current account balance recorded a small surplus of EUR 107 million in July, a significant decline from the EUR 2.2 billion surplus recorded in July 2017 and well below the EUR 977 million surplus logged in June.
Spain: Second GDP estimate confirms four-year low growth in Q2
September 28, 2018
Growth remained steady in the second quarter of the year, according to the second GDP estimate released by the National Statistical Institute (INE) on 28 September.
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