La sagrada familia in Spain

Industry in Spain

Spain Industry

Industrial output drops at sharpest rate since November 2020 in June

Industrial production slid 3.0% year on year in seasonally and calendar-adjusted terms in June (May: -0.6% ). The outturn marked the worst reading since November 2020. June’s figure was partly driven by a deterioration in consumer goods production. In addition, capital goods production decelerated.

On a monthly basis, factory output fell 1.0% in seasonally adjusted terms in June, which was below May’s 0.5% expansion.. Meanwhile, annual average industrial production growth fell to 1.2% in June (May: +2.1%), which marked an over two-year low.

Spain Industry Chart

This chart displays Industrial Production (annual variation in %) for Spain from 2013 to 2022.

Spain Industry Data

2018 2019 2020 2021 2022
Industrial Production (ann. var. %) 0.4 0.6 -9.5 7.3 2.8

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