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.

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Spain Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-5.70 -6.20 13.60 -34.10 1976 - 2020 percent Monthly
2015=100, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-06 07:00 AM May -24.5% -34.1% -18.5% -22%
2020-08-07 07:00 AM Jun -14% -24.7% -15.4% -16%
2020-09-11 07:00 AM Jul -6.4% -14.3% -9.9% -8.2%
2020-10-07 07:00 AM Aug -5.7% -6.2% -5.7% -6%
2020-11-06 08:00 AM Sep -5.7% -6.8%
2020-12-09 08:00 AM Oct


News Stream
Spain Industrial Output Falls at a Softer Pace in August
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.
2020-10-07
Spain Industrial Output Slips Less than Expected
Spain's industrial production shrank 6.4 percent from a year earlier in July of 2020, following an upwardly revised 14.3 percent slump in the prior month and compared with market expectations of a 9.9 percent decline. It was the softest downturn in industrial activity in five months, amid the continued easing of lockdown restrictions. Output fell at a slower pace in all categories: consumer goods (-4 percent vs -9.8 percent in June); capital goods (-12.6 percent vs -18.8 percent); intermediate goods (-5 percent vs -14.8 percent) and energy (-5.2 percent vs -12.8 percent). On a monthly basis, industrial output grew 9.3 percent, after a downwardly revised 13.6 percent increase in the prior month.
2020-09-11
Spain Industrial Output Shrinks Less in June
Spain's industrial production fell 14 percent from a year earlier in June of 2020, following an upwardly revised 24.7 percent slump in the prior month and compared with market expectations of a 15.4 percent decline. It was the softest downturn in industrial activity in three months, as the country continued to gradually lift the lockdown measures that were introduced in mid-March. Output fell at a slower pace in all categories: consumer goods (-9.4 percent vs -20.1 percent in May); capital goods (-17.9 percent vs -36.9 percent); intermediate goods (-14.5 percent vs -24.2 percent) and energy (-13.3 percent vs -16.6 percent). On a monthly basis, industrial output grew 14 percent, after a downwardly revised 14.3 percent in the prior month.
2020-08-07
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 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.