Industry in Spain
Spain - Industry
Industrial output drops at sharpest pace in over a decade in March on Covid-19 hit
Industrial production plummeted 12.2% year-on-year in seasonally- and calendar-adjusted terms in March (February: -1.5% year-on-year). March's result marked the worst reading since September 2009.
The downturn was largely driven by a sharper contraction in consumer goods output and a collapse in the production of capital goods.
On a seasonally-adjusted monthly basis, factory output plunged 11.9% in March, contrasting February’s 0.1% uptick. The reading marked the worst result on record.
FocusEconomics Consensus Forecast panelists see industrial production declining 9.4% in 2020, which is down down 5.7 percentage points from last month’s forecast, and growing 6.2% in 2021.
Spain - Industry Data
|Industrial Production (annual variation in %)||3.2||1.9||3.2||0.3||0.7|
5 years of economic forecasts for more than 30 economic indicators.
Spain Industry Chart
Source: National Statistical Institute (INE).
|Bond Yield||0.46||5.62 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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December 7, 2022
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December 1, 2022
Retail sales grew 1.4% year on year in October (September: +0.6% yoy).
December 1, 2022
The current account recorded a EUR 0.4 billion surplus in September, improving from the EUR 0.1 billion deficit clocked in August (September 2021: EUR 1.5 billion surplus).
November 16, 2022
Harmonized inflation dropped to 7.3% in October, following September’s 9.0%.
November 9, 2022
Industrial output expanded 3.6% year-on-year in seasonally and calendar-adjusted terms in September, which was a deterioration from August's 5.2% increase.