Industry in Spain
Spain - Industry
Industrial production picks up in June
Industrial production rose 1.8% year-on-year in seasonally- and calendar-adjusted terms in June, accelerating from May’s 1.4% increase. As a result, the annual average variation in industrial output edged up to minus 0.1% in June from minus 0.3% in the previous month.
June’s reading largely reflected a pick-up in capital goods and energy output compared to May. Meanwhile, production of consumer goods slowed and intermediate goods output contracted for the second consecutive month.
On a month-on-month basis, adjusted for seasonal and calendar effects, factory output declined 0.2% in June, contrasting the 0.3% rise logged in May.
FocusEconomics Consensus Forecast panelists see industrial production expanding 1.0% in 2019, which is unchanged from last month’s forecast, and 1.6% in 2020.
Spain - Industry Data
|Industrial Production (annual variation in %)||-1.6||1.2||3.2||1.9||3.2|
5 years of economic forecasts for more than 30 economic indicators.
Spain Industry Chart
Source: National Statistical Institute (INE).
|Bond Yield||0.34||5.62 %||Jul 30|
|Exchange Rate||1.11||0.65 %||Jul 31|
|Stock Market||8,971||-0.74 %||Jul 31|
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August 8, 2019
Industrial production rose 1.8% year-on-year in seasonally- and calendar-adjusted terms in June, accelerating from May’s 1.4% increase.
August 5, 2019
Reflecting the ongoing contraction of the goods-producing sector and slower growth in the services sector, the IHS Markit composite Purchasing Managers’ Index (PMI) edged down from 52.1 in June to 51.7 in July, the lowest reading since November 2013.
July 31, 2019
The Spanish Board of Architects approved 9,525 new construction permits in May, according to data published by the Ministry of Public Works.
July 31, 2019
Economic activity moderated in the second quarter, according to an advance GDP estimate released by the National Statistics Institute (INE) on 31 July.
July 29, 2019
Retail sales rose a mild 0.3% year-on-year in June, following a strong 3.1% upturn logged in May, which had marked a seven-month high.