Spain's industrial production dropped 2.1 percent from a year earlier in February 2021, easing from a 2.3 percent contraction in the previous month and compared with market expectations of a 1.3 percent fall. Production of capital goods tumbled 7.7 percent (vs -6.2 percent in January) and consumer goods output was down 2.6 percent (vs -6.1 percent in January). Meanwhile, intermediate goods production was flat (vs -0.6 percent in January), while energy output rose 2.7 percent (vs 3.6 percent percent in January). On a monthly basis, industrial activity was unchanged in February, after a 0.8 percent decrease in January. source: National Statistics Institute (INE)

Industrial Production in Spain averaged 0.75 percent from 1976 until 2021, 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 April of 2021.

Industrial Production in Spain is expected to be 12.00 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 4.60 in 12 months time. 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

Actual Previous Highest Lowest Dates Unit Frequency
-2.10 -2.30 13.60 -34.10 1976 - 2021 percent Monthly
2015=100, SA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-11 08:00 AM Nov -3.8% -1.6% -3%
2021-02-08 08:00 AM Dec -0.6% -3.7% -3%
2021-03-08 08:00 AM Jan -2.2% -1.5% -0.7% -0.8%
2021-04-09 07:00 AM Feb -2.1% -2.3% -1.3% -1.4%
2021-05-07 07:00 AM Mar -2.1% -1.2%
2021-06-07 07:00 AM Apr
2021-07-06 07:00 AM May
2021-08-06 07:00 AM Jun


News Stream
Spain Industrial Output Falls More than Forecast
Spain's industrial production dropped 2.1 percent from a year earlier in February 2021, easing from a 2.3 percent contraction in the previous month and compared with market expectations of a 1.3 percent fall. Production of capital goods tumbled 7.7 percent (vs -6.2 percent in January) and consumer goods output was down 2.6 percent (vs -6.1 percent in January). Meanwhile, intermediate goods production was flat (vs -0.6 percent in January), while energy output rose 2.7 percent (vs 3.6 percent percent in January). On a monthly basis, industrial activity was unchanged in February, after a 0.8 percent decrease in January.
2021-04-09
Spain Industrial Output Falls More than Expected
Spain's industrial production fell by 2.2 percent from a year earlier in January 2021, following a revised 1.5 percent decline in the previous month and compared with market expectations of a 0.7 percent drop. Output decreased for consumer goods (-5.8 percent), of which non-durable (-5.2 percent) and durable consumer goods (-1.6 percent); capital goods (-5.4 percent) and intermediate goods (-0.6 percent). Meanwhile, production grew for energy (3 percent). On a monthly basis, industrial output went down 0.7 percent, following a 0.8 percent rise in the prior month.
2021-03-08
Spain Industrial Output Falls the Least in a Year
Spain's industrial production fell 0.6 percent from a year earlier in December 2020, following a revised 3.7 percent slump in the previous month. It was the smallest contraction in output since December 2019, as the production of capital goods fell at a softer pace (-3.3 percent vs -7.0 percent in November) and as output grew for both energy (3.4 percent vs -7.8 percent) and intermediate goods (2.4 percent vs 1.2 percent). At the same time, the production of durable consumer goods declined 2.0 percent (vs -1.2 percent in November) and that of non-durable consumer goods dropped 4.5 percent (vs -4.0 percent in November).
2021-02-08
Spain Industrial Output Contraction Deepens
Spain's industrial production fell by 3.8 percent from a year earlier in November 2020, following a 1.6 percent decline in the previous month, as a resurgence in COVID-19 cases and new restrictive measures hit activity. Output dropped at a faster pace for energy (-7.8 percent vs -2.4 percent in October), capital goods (-7.1 percent vs -4.5 percent), non-durable consumer goods (-3.6 percent vs -3.8 percent), and durable consumer goods (-1.0 percent vs 0.8 percent). On the other hand, production of intermediate goods rose by 1.2 percent, compared with a 1.8 percent increase in the previous month.
2021-01-11

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.