Latest reading: Manufacturing output grew 1.9% compared to the same month a year earlier in May, matching April’s increase. Looking...
Industrial Production in Spain
The Spanish economy recorded an average industrial production growth rate of 1.4% 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 activity deteriorates in April
Latest reading: Industrial output fell 0.8% in month-on-month seasonally adjusted terms in April, which contrasted March's 0.9% increase. The notable deterioration came on the heels of a widespread power blackout on 28 April. Looking at the details of the release, production of both capital and intermediate goods dropped. However, consumer goods output gained steam. On an annual basis, industrial output grew 0.6% in seasonally adjusted terms in April, which was below March’s 0.9% expansion. Meanwhile, annual average of industrial production was steady coming in at March's 0.1% in April.
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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Thailand: Manufacturing activity growth stable in May -
Russia: Industrial output growth rises but remains mild in May Latest reading: Industrial production rose 1.8% year on year in May, improving from April’s 1.5% expansion but continuing to undershoot... -
Poland: Industrial output improves in May Latest reading: Industrial production increased 3.9% year on year in May (April: +1.2% yoy), marking the best reading since October... -
Taiwan: Industrial output growth remains buoyant in May Latest reading: Industrial production grew 22.6% year on year in May (April: +23.7% yoy), well above market expectations, driven chiefly... -
Lithuania: Industrial output growth eases in May Latest reading: Industrial output increased 1.9% compared to the same month of the previous year in May, which followed April’s... -
Belarus: Industrial output growth falls to an over two-year low in May Latest reading: Industrial production growth eased to 1.1% year on year in May (April: +1.4% yoy), marking the weakest reading... -
Kazakhstan: Industrial output loses momentum in May Latest reading: Industrial output grew 5.8% compared to the same month a year earlier in May, which was a deterioration...