Spain's industrial output rose 1.4 percent year-on-year in May of 2019, easing from an upwardly revised 1.8 percent gain in the previous month and against market expectations of a 0.1 percent fall. Output slowed for capital goods (1.7 percent from 2.9 percent in April) while it fell for durable consumer goods (-4.1 percent from 1.7 percent) and intermediate goods (-1.5 percent from -1.6 percent). On the other hand, production rebounded for energy (1.3 percent from -2.4 percent) and advanced further for non-durable consumer goods (4.8 percent from 2.9 percent). On a monthly basis, industrial production edged up 0.3 percent, following a 1.8 percent rise in April. Industrial Production in Spain averaged 1 percent from 1976 until 2019, reaching an all time high of 13.60 percent in February of 1977 and a record low of -21.80 percent in April of 2009.
Industrial Production 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 Industrial Production in Spain to stand at 1.60 in 12 months time. In the long-term, the Spain Industrial Production is projected to trend around 1.90 percent in 2020, according to our econometric models.