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
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -1.6 | 1.2 | 3.2 | 1.9 | 3.2 |
Spain Industry Chart
Source: National Statistical Institute (INE).
Spain Facts
| Value | Change | Date | |
|---|---|---|---|
| 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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Economic News
Spain: Industrial production picks up in June
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.
Spain: Composite PMI dips to near six-year low in July
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.
Spain: Housing permits decline in May
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.
Spain: Growth slows in Q2 on weaker domestic demand
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.
Spain: Retail sales slow in June
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.
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