Industry in Spain

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Spain - Industry

Industrial production rebounds in April

Industrial production rose 1.7% year-on-year in seasonally- and calendar-adjusted terms in April, rebounding from March’s revised 3.0% contraction (previously reported: -3.1% year-on-year). Despite the upturn, the annual average variation in industrial output remained at minus 0.3% in April, which had turned negative for the first time in five years last month.

April’s increase reflected improved dynamics in most major sectors. The production of consumer goods rebounded strongly, while capital and intermediate goods production picked up compared to March. Meanwhile, energy output contracted for the third month running in April.

On a month-on-month basis, adjusted for seasonal and calendar effects, factory output climbed 1.8% in April, rebounding from the 1.2% slip logged in March.

FocusEconomics Consensus Forecast panelists see industrial production expanding 1.1% in 2019, which is from last month’s forecast, and 1.6% 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  

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Spain Industry Chart

Spain Industry
Note: Annual variation of industrial production in %.
Source: National Statistical Institute (INE).

Spain Facts

Bond Yield0.425.62 %Jun 19
Exchange Rate1.130.65 %Jun 20
Stock Market9,209-0.74 %Jun 20

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