Latest reading: Industrial output grew 18.6% year on year in June (May: +22.1% yoy), driven chiefly by booming manufacturing output...
Industrial Production in Spain
The Spanish economy recorded an average industrial production growth rate of 0.9% in the decade to 2024. In 2024, industrial production growth was 0.4%. For more industry information, visit our dedicated page.
Spain Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Spain from 2014 to 2024.
Source: Macrobond.
Spain Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -9.2 | 7.3 | 2.4 | -1.6 | 0.4 |
Industrial output rebounds in May
Latest reading: Industrial output increased 0.6% in month-on-month seasonally adjusted terms in May, which contrasted April's 0.7% decrease. Looking at the details of the release, capital goods output gathered steam, while intermediate goods output dropped at a softer rate. That said, consumer goods production increased at a softer pace in May. On a seasonally and calendar adjusted annual basis, industrial output rose at a quicker rate of 1.7% in May (April: +0.6% yoy), the best result since December 2024. Accordingly, annual average industrial production growth rose to 0.3% in May (April: +0.1%). This signals an improving trend in the industrial sector.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Spanish industry projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Spanish industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Spanish industry projections.
Want to get access to the full dataset of Spanish industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Taiwan: Industrial output growth remains buoyant in June -
Lithuania: Industrial output growth rises in June Latest reading: Industrial output increased 4.3% year on year in June (May: +0.9% yoy). June’s reading was driven by faster... -
Malaysia: Industrial output records slowest expansion since December 2023 in May Latest reading: Industrial output grew 0.3% compared to the same month of the previous year in May, which was a... -
Euro Area: Industrial output rebounds in May Latest reading: Industrial production expanded 1.7% month-on-month in seasonally adjusted terms in May (April: -2.2% mom s.a.). The improvement was... -
Japan: Industrial output shrinks again in May Latest reading: Industrial output—which makes up about 30% of Japan’s economy—fell 0.1% in month-on-month seasonally adjusted terms in May, the... -
Hungary: Decline in industrial activity persists in May Latest reading: Industrial output decreased 2.4% year on year in May, matching April’s drop. While manufacturing output fell at a... -
Belgium: Industrial output drops at sharpest pace since December 2024 in May Latest reading: Industrial output fell 2.7% in month-on-month seasonally adjusted terms in May, which was a larger contraction than April’s...