Industry in Spain
Spain - Industry
Industrial production rebounds in April
Industrial production rose 1.7% year-on-year in seasonally- and calendar-adjusted terms in April, rebounding from March’s revised 3.0% contraction (previously reported: -3.1% year-on-year). Despite the upturn, the annual average variation in industrial output remained at minus 0.3% in April, which had turned negative for the first time in five years last month.
April’s increase reflected improved dynamics in most major sectors. The production of consumer goods rebounded strongly, while capital and intermediate goods production picked up compared to March. Meanwhile, energy output contracted for the third month running in April.
On a month-on-month basis, adjusted for seasonal and calendar effects, factory output climbed 1.8% in April, rebounding from the 1.2% slip logged in March.
FocusEconomics Consensus Forecast panelists see industrial production expanding 1.1% in 2019, which is 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 | 3.1 |
Spain Industry Chart
Source: National Statistical Institute (INE).
Spain Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.42 | 5.62 % | Jun 19 |
| Exchange Rate | 1.13 | 0.65 % | Jun 20 |
| Stock Market | 9,209 | -0.74 % | Jun 20 |
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Economic News
Spain: Composite PMI falls to five-and-a-half-year low in May
June 5, 2019
Largely reflecting slower activity growth in the manufacturing sector, the IHS Markit composite Purchasing Managers’ Index (PMI) declined to a five-and-a-half-year low of 52.1 in May from 52.9 in April.
Spain: Industrial production rebounds in April
June 5, 2019
Industrial production rose 1.7% year-on-year in seasonally- and calendar-adjusted terms in April, rebounding from March’s revised 3.0% contraction (previously reported: -3.1% year-on-year).
Spain: Current account surplus narrows in March
May 31, 2019
Spain’s current account balance recorded a tiny surplus of EUR 26 million in March, smaller than the EUR 389 million surplus recorded in March 2018 but much greater than the EUR 2.8 billion deficit logged in February.
Spain: Retail sales growth hits six-month high in April
May 30, 2019
Retail sales rose 2.0% in year-on-year terms in April, marking a six-month high and following the soft 0.2% upturn logged in March.
Spain: Housing permits growth accelerates slightly in March
May 30, 2019
The Spanish Board of Architects approved 9,405 new construction permits in March, according to data published by the Ministry of Public Works.
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