Industry in Spain
Spain - Industry
Pace of industrial production growth weakens further in June
Industrial production grew 0.5% year-on-year in seasonally- and calendar-adjusted terms in June, moderating from May’s revised 1.3% rise (previously reported: +1.6% year-on-year) and marking the third consecutive monthly deceleration. Consequently, annual average industrial output growth declined from 3.2% in May to 2.9% in June, a seven-month low.
June’s result was driven by a substantial drop in energy production and a soft decline in consumer goods output compared to May, which more than offset a slight pick-up in the production of capital goods and intermediate goods.
On a month-on-month basis, adjusted for seasonal and calendar effects, factory output dipped 0.6% in June. The print contrasted the revised 0.8% expansion logged in May (previously reported: +0.9% month-on-month).
Spain Industrial Production Forecast
FocusEconomics Consensus Forecast panelists see industrial production expanding 2.5% in 2018, which is down 0.1 percentage points from last month’s forecast. For 2019, the panel expects industrial production to grow at 2.2%.
Spain - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -1.6 | 1.2 | 3.2 | 1.9 | 3.1 |
Spain Industry Chart
Source: National Statistical Institute (INE).
Spain Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.40 | 5.62 % | Aug 13 |
| Exchange Rate | 1.13 | 0.65 % | Aug 15 |
| Stock Market | 9,387 | -0.74 % | Aug 15 |
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Economic News
Spain: Pace of industrial production growth weakens further in June
August 8, 2018
Industrial production grew 0.5% year-on-year in seasonally- and calendar-adjusted terms in June, moderating from May’s revised 1.3% rise (previously reported: +1.6% year-on-year) and marking the third consecutive monthly deceleration.
Spain: Composite PMI dips to near three-year low in July
August 3, 2018
Reflecting cooling activity growth in both the services and manufacturing sectors, the IHS Markit composite Purchasing Managers’ Index (PMI) dipped from 54.8 in June to 52.7 in July, the lowest print in over two and a half years.
Spain: Current account balance returns to surplus in May
July 31, 2018
Spain’s current account balance recorded a surplus in May after having logged the largest deficit in over three years in April.
Spain: Advance Q2 GDP estimate puts growth at four-year low
July 31, 2018
The economy lost some steam in the second quarter of the year, according to an advance GDP estimate released by the National Statistical Institute (INE) on 31 July.
Spain: Housing permits growth remains upbeat in May
July 31, 2018
According to data published by the Ministry of Public Works (Ministerio de Fomento), the Spanish Board of Architects (Colegio de Arquitectos Técnicos) granted 9,727 new construction permits in May—a near-decade high.
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