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.