Spain's industrial production dropped 5.7 percent over a year earlier in August 2020, following a downwardly revised 6.2 percent fall in the previous month and matching market expectations. It was the smallest decline in industrial output in six months, amid the easing of coronavirus lockdown restrictions. Output went down less in capital goods (-10.3 percent vs -11.5 percent in July); intermediate goods (-2.3 percent vs -6.1 percent) and energy (-4.6 percent vs -4.8 percent). On the other hand, production of consumer goods decreased further (-7.3 percent vs -4.1 percent). On a monthly basis, industrial output grew 0.4 percent, after an upwardly revised 9.6 percent gain in the prior month.
Industrial Production in Spain averaged 0.79 percent from 1976 until 2020, reaching an all time high of 13.60 percent in February of 1977 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 October of 2020. source: National Statistics Institute (INE)
Industrial Production in Spain is expected to be -3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Spain to stand at 5.60 in 12 months time. In the long-term, the Spain Industrial Production is projected to trend around 5.10 percent in 2021 and 2.60 percent in 2022, according to our econometric models.