Spain's industrial output rose 0.8 percent year-on-year in October 2018, reversing a revised 0.2 percent drop in the previous month, boosted by increases in production of capital (3.6 percent vs -0.6 percent), intermediate (0.5 percent vs -0.5 percent) and non-durable consumer goods (0.2 percent vs 0.1 percent). On the other hand, energy output slumped 1 percent (vs 0.1 percent in September) and durable consumer goods production fell 0.7 percent (vs -4.9 percent in September). Industrial Production in Spain averaged 1.03 percent from 1976 until 2018, 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 2.50 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 2.40 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.