New orders for Spain's industrial goods tumbled 20.2 percent from a year earlier in November 2019, the most since August 2009, following a 2.6 percent drop in the previous month. Demand fell for capital goods (-47.2 percent vs -1.1 percent), energy (-12.0 percent vs -17.2 percent), durables (-5.8 percent vs -2.4 percent), and intermediate goods (-3.7 percent vs -3.1 percent). By contrast, demand for non-durable consumer goods increased at a faster pace (5.4 percent vs 1.1 percent).
Factory Orders in Spain averaged 1.81 percent from 2003 until 2019, reaching an all time high of 25.60 percent in November of 2018 and a record low of -33.60 percent in March of 2009. This page provides - Spain Factory Orders- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: National Statistics Institute (INE)
Factory Orders in Spain is expected to be 1.50 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 2020, according to our econometric models.