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
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 3.2 | 1.9 | 3.2 | 0.3 | 0.7 |
Spain Industry Chart
Source: National Statistical Institute (INE).
Spain Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.46 | 5.62 % | Dec 31 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Spain: Composite PMI increases in April
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The S&P Global Composite Purchasing Managers’ Index (PMI) jumped to 55.7 in April from 53.1 in March, reflecting a stronger services sector amid reduced Covid-19 restrictions.
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Industrial production expanded 0.1% year-on-year in seasonally- and calendar-adjusted terms in March (February: +2.8%).
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Spain: Industrial output growth falls in March
May 10, 2022
Industrial production rose 0.1% year-on-year in seasonally- and calendar-adjusted terms in March (February: +2.8%).
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Spain: Retail sales tank in March
April 29, 2022
Retail sales plunged 5.5% year-on-year in March (February: +1.7% yoy).
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