Spain's industrial production plunged 24.5 percent from a year earlier in May 2020, following an upwardly revised record 34.1 percent slump in the previous month and compared with market expectations of a 18.5 percent decline, amid the coronavirus pandemic. Output continued to drop for all categories: durable consumer goods (-4.9 percent vs -68.9 percent in April); capital goods (-27.4 percent vs -57.8 percent); intermediate goods (-11.4 percent vs -36.6 percent); non-durable consumer goods (-2.8 percent vs -19.8 percent); and energy products (-2.2 percent vs -14.6 percent). On a monthly basis, industrial production increased 14.7 percent, rebounding from an upwardly revised 22.1 percent plunge in the prior month.

Industrial Production in Spain averaged 0.85 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 July of 2020. source: National Statistics Institute (INE)

Industrial Production in Spain is expected to be -6.80 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 12.00 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.

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Spain Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-24.50 -34.10 13.60 -34.10 1976 - 2020 percent Monthly
2015=100, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-03 07:00 AM Feb -1.3% -2.2% 2.1% 2.5%
2020-05-08 07:00 AM Mar -12.2% -1.5% -7.6%
2020-06-05 07:00 AM Apr -33.6% -13.7% -24%
2020-07-06 07:00 AM May -24.5% -34.1% -18.5% -22%
2020-08-07 07:00 AM Jun -24.5% -16%
2020-09-11 07:00 AM Jul
2020-10-07 07:00 AM Aug
2020-11-06 08:00 AM Sep -6.8%


News Stream
Spain Industrial Output Drops More than Expected
Spain's industrial production plunged 24.5 percent from a year earlier in May 2020, following an upwardly revised record 34.1 percent slump in the previous month and compared with market expectations of a 18.5 percent decline, amid the coronavirus pandemic. Output continued to drop for all categories: durable consumer goods (-4.9 percent vs -68.9 percent in April); capital goods (-27.4 percent vs -57.8 percent); intermediate goods (-11.4 percent vs -36.6 percent); non-durable consumer goods (-2.8 percent vs -19.8 percent); and energy products (-2.2 percent vs -14.6 percent). On a monthly basis, industrial production increased 14.7 percent, rebounding from an upwardly revised 22.1 percent plunge in the prior month.
2020-07-06
Spain Industrial Output Plunges Most on Record
Spain's industrial production plummeted 33.6 percent from a year earlier in April 2020, the biggest decline since comparable series began in 1993, as the coronavirus pandemic forced many factories to halt production. Output declined sharply for all categories: durable consumer goods (-67.5 percent vs -30.9 percent in March); capital goods (-57.4 percent vs -28.7 percent); intermediate goods (-36.0 percent vs -13.6 percent); non-durable consumer goods (-17.6 percent vs -3.7 percent); and energy products (-14.6 percent vs -2.5 percent). On a monthly basis, industrial production slumped 21.8 percent in April, after a 13.2 percent drop in March.
2020-06-05
Spain Industrial Output Falls the Most since 2009
Industrial production in Spain tumbled 12.2 percent year-on-year in March of 2020, following an upwardly revised 1.5 percent fall in the previous month. It was the steepest decline in industrial activity since September of 2009, as many factories were forced to shut down operations due to the Covid-19 crisis. Output shrank in all categories, namely capital goods (-26.3 percent vs -0.3 percent in February); intermediate goods (-12.1 percent vs -0.3 percent); consumer goods (-4.9 percent vs -2.4 percent), of which durable goods (-27.1 percent vs -1 percent) and energy (-2.2 percent vs -5.3 percent). On a seasonally adjusted monthly basis, industrial production slumped 11.9 percent, after an upwardly revised 0.1 percent increase in the previous month.
2020-05-08
Spain Industrial Output Unexpectedly Falls in February
Industrial production in Spain decreased 1.3 percent year-on-year in February of 2020, following an upwardly revised 2.2 percent slump in the previous month and against market expectations of a 2.1 percent increase. Output shrank for energy (-4.1 percent vs -5.8 percent in January); intermediate goods (-0.2 percent vs -1.5 percent); consumer goods (-1.4 percent vs -2.1 percent) and capital goods (-0.7 percent vs -0.5 percent). On a seasonally adjusted monthly basis, industrial production showed no growth for the second consecutive month.
2020-04-03

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.