Industry in Spain

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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  

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Spain Industry Chart

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

Spain Facts

Bond Yield0.075.62 %Sep 03
Exchange Rate1.100.65 %Sep 04
Stock Market8,857-0.74 %Sep 04

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