Industrial production in Spain increased 3.4 percent year-on-year in July of 2021, slowing from a downwardly revised 11 percent rise in the previous month and missing market expectations of 5.9 percent. It is the smallest gain in 5 months after a record increase of 50.3 percent in April, amid low base effects from last year when the coronavirus pandemic hit the economy hard. Output rose at a softer pace for consumer goods (5.2 percent vs 11.1 percent), of which non-durable (3.9 percent) and durable consumer goods (11.1 percent); and intermediate goods (9.2 percent vs 19.4 percent). Meanwhile, Industrial output declined for capital goods (-1.9 percent vs 6.3 percent); and energy (-3.7 percent vs 3.5 percent). On a monthly basis, industrial production shrank 1.1 percent in July, the same as in the prior month. source: National Statistics Institute (INE)
Industrial Production in Spain averaged 0.93 percent from 1976 until 2021, reaching an all time high of 48.60 percent in April of 2021 and a record low of -34.30 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 September of 2021.
Industrial Production in Spain is expected to be 5.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Industrial Production is projected to trend around 3.40 percent in 2022 and 2.60 percent in 2023, according to our econometric models.