Spain's industrial production rose by 4.8 percent from a year earlier in November of 2021, following a downwardly revised 0.7 percent fall in the previous month and beating market expectations of a 0.6 percent increase. It was the strongest growth in industrial activity since June, boosted by the production of consumer goods (12.4 percent vs 5.5 percent in October), of which non-durable (14.1 percent vs 5.5 percent) and durable goods (7 percent vs 1.8 percent). At the same time, output rebounded for intermediate goods (0.4 percent vs -0.9 percent), while it fell much softer for capital goods (-2.2 percent vs -8.6 percent). On a seasonally adjusted monthly basis, industrial output grew 4.5 percent in November, the most since July of 2020. source: National Statistics Institute (INE)
Industrial Production in Spain averaged 0.94 percent from 1976 until 2021, reaching an all time high of 48.40 percent in April of 2021 and a record low of -34.40 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 2022.
Industrial Production in Spain is expected to be 4.60 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 2023 and 2.60 percent in 2024, according to our econometric models.