Spain's industrial production fell 14 percent from a year earlier in June of 2020, following an upwardly revised 24.7 percent slump in the prior month and compared with market expectations of a 15.4 percent decline. It was the softest downturn in industrial activity in three months, as the country continued to gradually lift the lockdown measures that were introduced in mid-March. Output fell at a slower pace in all categories: consumer goods (-9.4 percent vs -20.1 percent in May); capital goods (-17.9 percent vs -36.9 percent); intermediate goods (-14.5 percent vs -24.2 percent) and energy (-13.3 percent vs -16.6 percent). On a monthly basis, industrial output grew 14 percent, after a downwardly revised 14.3 percent in the prior month.
Industrial Production in Spain averaged 0.82 percent from 1976 until 2020, reaching an all time high of 13.60 percent in February of 1977 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 2020. source: National Statistics Institute (INE)
Industrial Production in Spain is expected to be -6.80 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 12.00 in 12 months time. In the long-term, the Spain Industrial Production is projected to trend around 5.10 percent in 2021 and 2.60 percent in 2022, according to our econometric models.