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.

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Spain Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
3.40 11.00 48.50 -34.30 1976 - 2021 percent Monthly
2015=100, SA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-07 07:00 AM Apr 48.2% 12.9% 36%
2021-07-06 07:00 AM May 26% 48.2% 22.1% 28.9%
2021-08-06 07:00 AM Jun 11.1% 25% 13.5% 15.1%
2021-09-10 07:00 AM Jul 3.4% 11% 5.9% 5.9%
2021-10-06 07:00 AM Aug 3.4%
2021-11-05 08:00 AM Sep
2021-12-10 08:00 AM Oct


News Stream
Spain Industrial Output Growth Slows in July
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.
2021-09-10
Spain Industrial Output Growth Below Forecasts
Spain's industrial production growth eased to 11.1 percent year-on-year in June 2021, from a downwardly revised 25.0 percent in the previous month and missing market expectations of 13.5 percent. Output rose at a slower pace for all categories: durable consumer goods (23.5 percent vs 69.3 percent); intermediate goods (19.1 percent vs 32.7 percent); non-durable consumer goods (6.3 percent vs 15.2 percent); capital goods (6.2 percent vs 38.4 percent); and energy (3.5 percent vs 13.0 percent). On a monthly basis, industrial production fell by 1.0 percent in June, the first monthly decline in five months.
2021-08-06
Spain Industrial Output Growth Above Forecasts
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.
2021-07-06
Spain Industrial Output Rises at Record Pace in April
Spain's industrial production grew by 48.2 percent year-on-year in April 2021, the largest increase on record, due to the low base effect and as the economy consolidated its recovery from the coronavirus crisis. Output rose for all categories: durable consumer goods (222.1 percent vs 44.2 percent in March); capital goods (117.6 percent vs 28.1 percent); intermediate goods (59.1 percent vs 15.3 percent); non-durable consumer goods (25.3 percent vs 2.2 percent); and energy (13.5 percent vs 1.8 percent).
2021-06-07

Spain Industrial Production
In Spain, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 82 percent of total production. The biggest segments within Manufacturing are: Food products (12 percent of total production); fabricated metal products, except machinery and equipment (9 percent); motor vehicles, trailers and semi-trailers (6 percent); chemicals and chemical products (6 percent); other non-metallic mineral products (5 percent); rubber and plastic products (4 percent); machinery and equipment (4 percent); basic metals (4 percent); and beverages (4 percent). Electricity, gas, steam and air conditioning account for 14 percent of total output; Water supply, sewerage, waste management and remediation account for 3 percent; and Mining and quarrying account for 1 percent.