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 |