Industrial new orders received in Spain surged 5.8 percent from a year earlier in October 2018, reversing an upwardly revised 0.6 percent decline in the previous month, as demand rose for all categories: energy (35.6 percent vs 35.3 percent in September); durable consumer goods (6.1 percent vs -2.1 percent); capital goods (4.6 percent vs -11.6 percent); non-durable consumer goods (2.9 percent vs -1.8 percent); and intermediate goods (2.8 percent vs 1.5 percent). Factory Orders in Spain averaged 1.83 percent from 2003 until 2018, reaching an all time high of 13.20 percent in February of 2006 and a record low of -33.60 percent in March of 2009.
Factory Orders in Spain is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Factory Orders in Spain to stand at 3.20 in 12 months time. In the long-term, the Spain Industrial New Orders Received YoY is projected to trend around 2.80 percent in 2020, according to our econometric models.