Spain's industrial production dropped 2.1 percent from a year earlier in February 2021, easing from a 2.3 percent contraction in the previous month and compared with market expectations of a 1.3 percent fall. Production of capital goods tumbled 7.7 percent (vs -6.2 percent in January) and consumer goods output was down 2.6 percent (vs -6.1 percent in January). Meanwhile, intermediate goods production was flat (vs -0.6 percent in January), while energy output rose 2.7 percent (vs 3.6 percent percent in January). On a monthly basis, industrial activity was unchanged in February, after a 0.8 percent decrease in January. source: National Statistics Institute (INE)
Industrial Production in Spain averaged 0.75 percent from 1976 until 2021, 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 April of 2021.
Industrial Production in Spain is expected to be 12.00 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 4.60 in 12 months time. 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.