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. source: National Statistics Institute (INE)
Industrial Production in Spain averaged 0.77 percent from 1976 until 2020, reaching an all time high of 13.60 percent in February of 1977 and a record low of -34 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 January of 2021.
Industrial Production in Spain is expected to be 7.80 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 5.10 in 12 months time. In the long-term, the Spain Industrial Production is projected to trend around 2.60 percent in 2022, according to our econometric models.