Spain's industrial production grew by 26.0 percent year-on-year in May 2021, easing from April's record increase, reflecting the low base effect and the ongoing economic recovery from the coronavirus crisis. Output rose for all categories: durable consumer goods (70.7 percent vs 223.2 percent in April); capital goods (38.1 percent vs 116.9 percent); intermediate goods (33.3 percent vs 59.2 percent); non-durable consumer goods (14.9 percent vs 25.4 percent); and energy (13.5 percent, the same as in April). On a monthly basis, industrial production jumped 4.3 percent in May, the most since July 2020. source: National Statistics Institute (INE)
Industrial Production in Spain averaged 0.91 percent from 1976 until 2021, reaching an all time high of 48.20 percent in April of 2021 and a record low of -34.50 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 August 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. Looking forward, we estimate Industrial Production in Spain to stand at 5.40 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.