Industry in Spain

Spain Industry | Economic News & Forecasts

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  

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Spain Industry Chart

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

Spain Facts

Value Change Date
Bond Yield0.465.62 %Dec 31
Exchange Rate1.120.65 %Dec 31

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