New orders for Spain's industrial goods declined 16.4 percent from a year earlier in March of 2020, following a downwardly revised 0.1 percent fall in the previous month. It was the biggest drop in industrial new orders received since September of 2009 as the country was severely hit by the coronavirus pandemic. Demand decreased further for intermediate goods (-15 percent vs -2.2 percent in February) and equipment goods (-27.3 percent vs -0.3 percent). Also, demand slowed for consumer goods (1.5 percent vs 1.9 percent).
Factory Orders in Spain averaged 1.36 percent from 2003 until 2020, reaching an all time high of 12.90 percent in December of 2005 and a record low of -28.80 percent in February of 2009. This page provides - Spain Factory Orders- actual values, historical data, forecast, chart, statistics, economic calendar and news. Spain Industrial New Orders Received YoY - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: National Statistics Institute (INE)
Factory Orders in Spain is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Factory Orders in Spain to stand at 2.80 in 12 months time. In the long-term, the Spain Industrial New Orders Received YoY is projected to trend around 2.20 percent in 2021, according to our econometric models.