Industrial production in Spain shrank by 3% year-on-year in June 2023, after an upwardly revised 0.6% fall in the previous month and compared with market forecasts of a 1.7% drop. It marks the third consecutive month of declines in industrial activity and at the steepest pace since November 2020, largely due to a notable slump in energy output (-9.8% vs -5.1% in May). Output also fell for intermediate goods (-4.9% vs -5.5%) and consumer goods (-1.2% vs 1.1%), of which durable (-5.1% vs -5.6%) and non-durable ones (-0.3% vs 1.8%). In the meantime, production rose at a much slower pace for capital goods (2.6% vs 7.2%). On a seasonally adjusted monthly basis, industrial output decreased by 1% in June, following a downwardly revised 0.5% rise in the prior month. source: National Statistics Institute (INE)
Industrial Production in Spain averaged 0.97 percent from 1976 until 2023, reaching an all time high of 48.52 percent in April of 2021 and a record low of -34.10 percent in April of 2020. This page provides the latest reported value for - Spain Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.
Industrial Production in Spain is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Industrial Production is projected to trend around 1.80 percent in 2024 and 2.20 percent in 2025, according to our econometric models.