Spain's industrial production shrank 0.9 percent from a year earlier in October 2021, following a downwardly revised 0.4 percent growth in the previous month and missing market expectations of a 0.7 percent increase. It was the first month of contraction since the economic rebound started back in March, due to declines in the production of capital goods (-8.9 percent vs -6.1 percent) and intermediate goods (-1.0 percent vs 2.9 percent). On the other hand, output rose for Non-durable consumer goods (5.0 percent vs 4.1 percent), durable consumer goods (1.4 percent vs 0.6 percent) and energy (1.0 percent vs -1.9 percent). On a seasonally adjusted monthly basis, industrial output dropped 0.4 percent in October, a fifth consecutive month of contraction or no growth. source: National Statistics Institute (INE)

Industrial Production in Spain averaged 0.93 percent from 1976 until 2021, reaching an all time high of 48.40 percent in April of 2021 and a record low of -34.40 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 December of 2021.

Industrial Production in Spain is expected to be 5.10 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 3.40 percent in 2022 and 2.60 percent in 2023, according to our econometric models.

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Spain Industrial Production


Calendar GMT Actual Previous Consensus TEForecast
2021-11-05 08:00 AM Sep 1.2% 1.8% 1.5% 2.1%
2021-12-10 08:00 AM Oct -0.9% 0.4% 0.7% 0.8%
2022-01-11 08:00 AM Nov -0.9%


Related Last Previous Unit Reference
Industrial Production -0.90 0.40 percent Oct/21
Industrial Production Mom 0.30 -0.20 percent Sep/21
Manufacturing Production 3.30 6.50 percent Aug/21
Changes in Inventories 4124.00 1684.00 EUR Million Sep/21
Bankruptcies 2428.00 1678.00 Companies Dec/20
Mining Production -12.90 22.40 percent Aug/21
Factory Orders 1.30 -20.30 percent Dec/19

News Stream
Spain Industrial Output Swings Into Contraction
Spain's industrial production shrank 0.9 percent from a year earlier in October 2021, following a downwardly revised 0.4 percent growth in the previous month and missing market expectations of a 0.7 percent increase. It was the first month of contraction since the economic rebound started back in March, due to declines in the production of capital goods (-8.9 percent vs -6.1 percent) and intermediate goods (-1.0 percent vs 2.9 percent). On the other hand, output rose for Non-durable consumer goods (5.0 percent vs 4.1 percent), durable consumer goods (1.4 percent vs 0.6 percent) and energy (1.0 percent vs -1.9 percent). On a seasonally adjusted monthly basis, industrial output dropped 0.4 percent in October, a fifth consecutive month of contraction or no growth.
2021-12-10
Spain Industrial Output Growth Below Forecasts
Spain's industrial production growth eased for a fifth straight month to 1.2 percent year-on-year in September 2021 from 1.8 percent in the previous month and missing market expectations of 1.5 percent. It was the weakest pace of output increase since a recovery began in March this year.
2021-11-05
Spain Industrial Output Rises Less than Forecast
Spain's industrial production growth eased for a fourth straight month to 1.8 percent year-on-year in August 2021, from a downwardly revised 3.3 percent in the previous month and missing market expectations of 3.5 percent. It was the weakest pace of output increase since a recovery began in March this year.
2021-10-06

Spain Industrial Production
In Spain, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 82 percent of total production. The biggest segments within Manufacturing are: Food products (12 percent of total production); fabricated metal products, except machinery and equipment (9 percent); motor vehicles, trailers and semi-trailers (6 percent); chemicals and chemical products (6 percent); other non-metallic mineral products (5 percent); rubber and plastic products (4 percent); machinery and equipment (4 percent); basic metals (4 percent); and beverages (4 percent). Electricity, gas, steam and air conditioning account for 14 percent of total output; Water supply, sewerage, waste management and remediation account for 3 percent; and Mining and quarrying account for 1 percent.