Industrial production in Spain fell 0.3 percent year-on-year in February of 2019, following an upwardly revised 2.7 percent rise in January and compared to market expectations of a flat reading. Production fell for durables goods (-2.4 percent compared to -0.8 percent in January), intermediate goods (-0.5 percent compared to 0.7 percent) and energy (-6.1 percent compared to 3.7 percent) and slowed for non-durables (1.3 percent compared to 1.6 percent) and equipment goods (3.4 percent compared to 4.3 percent). On a monthly basis, industrial output went down 1.1 percent. Industrial Production in Spain averaged 1.01 percent from 1976 until 2019, reaching an all time high of 13.60 percent in February of 1977 and a record low of -21.70 percent in April of 2009.
Industrial Production in Spain is expected to be 3.00 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 2.20 in 12 months time. In the long-term, the Spain Industrial Production is projected to trend around 2.00 percent in 2020, according to our econometric models.