Industry in Spain
Spain - Industry
Industrial production logs sharpest contraction in six years in December
Industrial production plunged 6.2% year-on-year in seasonally- and calendar-adjusted terms in December, following November’s revised 3.2% decline (previously reported: -2.6% year-on-year) and marking the sharpest contraction in six years. In turn, annual average industrial output growth dipped to a paltry 0.3% in December from 1.3% in November.
December’s result reflected a contraction in output across all major sectors. The production of consumer, capital and intermediate goods suffered a sharper decline compared to the previous month. Meanwhile, energy output contracted for the third successive month in December.
On a month-on-month basis, adjusted for seasonal and calendar effects, factory output dipped 1.4% in December, following the 1.8% fall logged in November.
Spain Industrial Production Forecast
FocusEconomics Consensus Forecast panelists see industrial production expanding 2.0% in 2019, which is down 0.1 percentage points from last month’s forecast, and 1.8% 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 | 1.29 | 5.62 % | Feb 19 |
| Exchange Rate | 1.13 | 0.65 % | Feb 20 |
| Stock Market | 9,181 | -0.74 % | Feb 20 |
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Economic News
Spain: Industrial production logs sharpest contraction in six years in December
February 7, 2019
Industrial production plunged 6.2% year-on-year in seasonally- and calendar-adjusted terms in December, following November’s revised 3.2% decline (previously reported: -2.6% year-on-year) and marking the sharpest contraction in six years.
Spain: Composite PMI bounces back to a seven-month high in January
February 5, 2019
Reflecting stronger activity growth in the services and manufacturing sectors, the IHS Markit composite Purchasing Managers’ Index (PMI) increased from 53.4 in December to 54.5 in January, a seven-month high.
Spain: Current account surplus shrinks in November
January 31, 2019
Spain’s current account balance recorded a surplus of EUR 1.8 billion in November, a considerable drop from the EUR 3.5 billion surplus recorded in November 2017 but well above the EUR 294 million surplus logged in October.
Spain: The economy ends 2018 on a strong note
January 31, 2019
Growth gained traction in the final quarter of 2018, according to an advance GDP estimate released by the National Statistical Institute (INE) on 31 January.
Spain: Housing permits growth picks up in November
January 31, 2019
According to data published by the Ministry of Public Works (Ministerio de Fomento), the Spanish Board of Architects (Colegio de Arquitectos Técnicos) granted 9,252 new construction permits in November.
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