Industrial production in Spain went up 0.8 percent year-on-year in December 2019, easing from a downwardly revised 1.6 percent rise in the previous month and missing market expectations of a 2.2 percent gain. Output growth slowed for equipment goods (3.8 percent from 4.8 percent in November); and production fell for intermediate goods (-1.2 percent from 0.9 percent). On the other hand, output rebounded for durable (6.2 percent from -1 percent) and non-durables goods (0.9 percent from -0.1 percent). On a monthly basis, industrial production dropped 1.3 percent, after rising 0.8 percent in November. Considering 2019 as a whole, industrial output increased 0.6 percent.
Industrial Production in Spain averaged 1 percent from 1976 until 2019, reaching an all time high of 13.60 percent in February of 1977 and a record low of -21.80 percent in April of 2009. 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. source: National Statistics Institute (INE)
Industrial Production in Spain is expected to be 1.40 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 1.70 in 12 months time. In the long-term, the Spain Industrial Production is projected to trend around 1.90 percent in 2021, according to our econometric models.