Industrial production in Spain shrank by 3% year-on-year in June 2023, after an upwardly revised 0.6% fall in the previous month and compared with market forecasts of a 1.7% drop. It marks the third consecutive month of declines in industrial activity and at the steepest pace since November 2020, largely due to a notable slump in energy output (-9.8% vs -5.1% in May). Output also fell for intermediate goods (-4.9% vs -5.5%) and consumer goods (-1.2% vs 1.1%), of which durable (-5.1% vs -5.6%) and non-durable ones (-0.3% vs 1.8%). In the meantime, production rose at a much slower pace for capital goods (2.6% vs 7.2%). On a seasonally adjusted monthly basis, industrial output decreased by 1% in June, following a downwardly revised 0.5% rise in the prior month. source: National Statistics Institute (INE)

Industrial Production in Spain averaged 0.97 percent from 1976 until 2023, reaching an all time high of 48.52 percent in April of 2021 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 August of 2023.

Industrial Production in Spain is expected to be 0.50 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 1.80 percent in 2024 and 2.20 percent in 2025, according to our econometric models.

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Spain Industrial Production



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-05 07:00 AM May -0.1% -1% -0.5% -0.3%
2023-08-04 07:00 AM Jun -3% -0.6% -1.7% -1.8%
2023-09-08 07:00 AM Jul -3%


Related Last Previous Unit Reference
Industrial Production Mom -1.00 0.50 percent Jun 2023
Industrial Production -3.04 -0.59 percent Jun 2023
Manufacturing Production -1.50 -0.24 percent Jun 2023
Changes in Inventories 616.00 874.00 EUR Million Jun 2023
Bankruptcies 1657.00 1702.00 Companies Jun 2023
Mining Production -27.08 31.24 percent Jun 2023
Factory Orders 1.30 -20.30 percent Dec 2019

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.
Actual Previous Highest Lowest Dates Unit Frequency
-3.04 -0.59 48.52 -34.10 1976 - 2023 percent Monthly
2015=100, SA

News Stream
Spain Industrial Output Contraction Deepens
Industrial production in Spain shrank by 3% year-on-year in June 2023, after an upwardly revised 0.6% fall in the previous month and compared with market forecasts of a 1.7% drop. It marks the third consecutive month of declines in industrial activity and at the steepest pace since November 2020, largely due to a notable slump in energy output (-9.8% vs -5.1% in May). Output also fell for intermediate goods (-4.9% vs -5.5%) and consumer goods (-1.2% vs 1.1%), of which durable (-5.1% vs -5.6%) and non-durable ones (-0.3% vs 1.8%). In the meantime, production rose at a much slower pace for capital goods (2.6% vs 7.2%). On a seasonally adjusted monthly basis, industrial output decreased by 1% in June, following a downwardly revised 0.5% rise in the prior month.
2023-08-04
Spain Factory Activity Shrinks for 2nd Month
Industrial production in Spain edged down 0.1% year-on-year in May 2023, after an upwardly revised 1% drop in the previous month and compared with market forecasts of a 0.5% fall. This was the second consecutive month of shrinking industrial activity, largely reflecting declines in durable consumer goods (-5.6%), energy (-5.1%) and intermediate goods output (-5%). By contrast, production increased for capital goods (+7%) and non-durable consumer goods (+2.3%). On a seasonally adjusted monthly basis, industrial output rose by 0.6% in May, following an upwardly revised 1.9% slump in the prior month.
2023-07-05
Spain Industrial Output Unexpectedly Falls in April
Industrial production in Spain decreased 0.9% year-on-year in April 2023, after a downwardly revised 4.1% increase in the previous month and compared with market forecasts of a 1.5% rise. It was the first decline in industrial activity since November last year, as output fell for energy (-1.5% vs 1.2%), consumer goods (-1.8% vs 4.1%), and intermediate goods (-4.3% vs 4.5%). Also, production of capital goods eased (3.2% vs 12.4%). On a seasonally adjusted monthly basis, industrial output went down 1.8%, the most since March 2022.
2023-06-06