Industry in Spain
Spain - Industry
Industrial production growth eases to six-month low in September
Industrial production increased 0.8% year-on-year in seasonally- and calendar-adjusted terms in September, down from August’s revised 1.4% rise (previously reported: +1.7% year-on-year) and marking the softest increase in six months. The annual average variation in industrial output ticked up to minus 0.0% in September from minus 0.1% in August.
September’s moderation largely reflected a slowdown in consumer goods output and a sharper fall in intermediate goods production compared to August. Meanwhile, capital goods and energy production picked up in September.
On a month-on-month basis, adjusted for seasonal and calendar effects, factory output fell 0.8% in September, contrasting the 0.6% rise recorded in August (previously reported: +0.9% month-on-month).
FocusEconomics Consensus Forecast panelists see industrial production expanding 1.6% in 2020, which is unchanged from last month’s forecast, and 1.8% in 2021.
Spain - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -1.6 | 1.2 | 3.2 | 1.9 | 3.2 |
Spain Industry Chart
Source: National Statistical Institute (INE).
Spain Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.07 | 5.62 % | Sep 03 |
| Exchange Rate | 1.10 | 0.65 % | Sep 04 |
| Stock Market | 8,857 | -0.74 % | Sep 04 |
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Economic News
Spain: Composite PMI slumps to near six-year low in October
November 6, 2019
Reflecting a sharper deterioration in manufacturing activity and softer growth of the services sector, the IHS Markit composite Purchasing Managers’ Index (PMI) slipped from 51.7 in September to 51.2 in October, the lowest reading since November 2013.
Spain: Industrial production growth eases to six-month low in September
November 6, 2019
Industrial production increased 0.8% year-on-year in seasonally- and calendar-adjusted terms in September, down from August’s revised 1.4% rise (previously reported: +1.7% year-on-year) and marking the softest increase in six months.
Spain: Current account surplus shrinks slightly in August
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Spain’s current account balance recorded a surplus of EUR 3.3 billion in August, below the EUR 3.4 billion surplus recorded in August 2018 but above the EUR 3.2 billion surplus logged in July.
Spain: Housing permits plunge in August
October 31, 2019
The Spanish Board of Architects approved 5,114 new construction permits in August, according to data published by the Ministry of Public Works.
Spain: Growth holds steady in Q3 on solid domestic demand
October 31, 2019
Economic activity held steady in the third quarter, according to an advance GDP estimate released by the National Statistics Institute (INE) on 31 October.
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