Latest reading: Manufacturing output flatlined month on month in seasonally adjusted terms in June, which followed May’s 2.2% increase. Looking...
Industrial Production in Spain
The Spanish economy recorded an average industrial production growth rate of 0.9% in the decade to 2024. In 2024, industrial production growth was 0.4%. For more industry information, visit our dedicated page.
Spain Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Spain from 2014 to 2024.
Source: Macrobond.
Spain Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -9.2 | 7.3 | 2.4 | -1.6 | 0.4 |
Industrial output rebounds in May
Latest reading: Industrial output increased 0.6% in month-on-month seasonally adjusted terms in May, which contrasted April's 0.7% decrease. Looking at the details of the release, capital goods output gathered steam, while intermediate goods output dropped at a softer rate. That said, consumer goods production increased at a softer pace in May. On a seasonally and calendar adjusted annual basis, industrial output rose at a quicker rate of 1.7% in May (April: +0.6% yoy), the best result since December 2024. Accordingly, annual average industrial production growth rose to 0.3% in May (April: +0.1%). This signals an improving trend in the industrial sector.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Spanish industry projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Spanish industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Spanish industry projections.
Want to get access to the full dataset of Spanish industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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South Africa: Manufacturing production flatlines in June -
Cyprus: Industrial output drops at sharpest rate since November 2024 in June Latest reading: Industrial output fell 0.9% year on year in calendar-adjusted terms in June, which contrasted May’s 0.4% increase. June’s... -
Greece: Industrial output grows at fastest pace in over one year in June Latest reading: Industrial output increased 3.2% in month-on-month seasonally adjusted terms in June, which contrasted May’s 0.1% decrease. June’s print... -
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Argentina: Industrial output expands at fastest pace since May 2022 in June Latest reading: Industrial output rose 9.3% compared to the same month a year earlier in June, which followed May’s 6.0%... -
Malaysia: Industrial output growth rises in June Latest reading: Industrial output rose 3.0% in year-on-year terms in June, which was above May’s 0.3% increase. Looking at the... -
Norway: Decline in industrial activity softens in June Latest reading: Industrial production declined 0.1% month on month in seasonally adjusted terms in June (May: -0.5% mom s.a.). Looking...