Industrial production in Spain rose by 0.3% year-on-year in January 2026, following a 0.3% decrease in December but below the market consensus of 1.7%. Stronger energy output (5.6% vs 4% in December) and a turnaround in capital goods (2% vs -1.4%) were key drivers of the rebound. On the other hand, output declined for durable consumer goods (-8.6% vs -3.9%), non-durable consumer goods (-1.8% vs 0.4%) and intermediate goods (-2.3% vs -1.8%). On a seasonally adjusted monthly basis, industrial activity fell by 0.4% in January, after a revised 2.4% drop in the preceding month. source: National Statistics Institute (INE)

Industrial Production in Spain increased 0.30 percent in January of 2026 over the same month in the previous year. Industrial Production in Spain averaged 0.91 percent from 1976 until 2026, reaching an all time high of 46.20 percent in April of 2021 and a record low of -34.30 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 March of 2026.

Industrial Production in Spain increased 0.30 percent in January of 2026 over the same month in the previous year. Industrial Production in Spain is expected to be 1.80 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 2.90 percent in 2027 and 2.20 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-06 08:00 AM
Industrial Production YoY
Dec -0.3% 4.6% 4.0%
2026-03-05 08:00 AM
Industrial Production YoY
Jan 0.3% -0.3% 1.7% 1.5%
2026-04-09 07:00 AM
Industrial Production YoY
Feb 0.3%


Related Last Previous Unit Reference
Bankruptcies 3897.00 3614.00 Companies Jan 2026
Changes in Inventories 2433.00 2540.00 EUR Million Dec 2025
Industrial Production YoY 0.30 -0.30 percent Jan 2026
Industrial Production Mom -0.40 -2.40 percent Jan 2026
Manufacturing Production -1.30 -0.80 percent Jan 2026
Mining Production -3.20 -12.90 percent Jan 2026


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
0.30 -0.30 46.20 -34.30 1976 - 2026 percent Monthly
2021=100, SA, WDA

News Stream
Spain Industrial Activity Rebounds Less than Anticipated
Industrial production in Spain rose by 0.3% year-on-year in January 2026, following a 0.3% decrease in December but below the market consensus of 1.7%. Stronger energy output (5.6% vs 4% in December) and a turnaround in capital goods (2% vs -1.4%) were key drivers of the rebound. On the other hand, output declined for durable consumer goods (-8.6% vs -3.9%), non-durable consumer goods (-1.8% vs 0.4%) and intermediate goods (-2.3% vs -1.8%). On a seasonally adjusted monthly basis, industrial activity fell by 0.4% in January, after a revised 2.4% drop in the preceding month.
2026-03-05
Spain Factory Activity Logs First Decline in 10 Months
Spain’s industrial production fell by 0.3% year-on-year in December 2025, the first decrease since February 2025, after an upwardly revised 4.6% rise in the prior month. The pullback was driven by declines in durable consumer goods (-2% vs -3.3% in November); intermediate goods (-1.6% vs 3.2%) and capital goods (-0.8% vs 1.5%). At the same time, output growth slowed for energy (3.9% vs 7.4%) and non-durable consumer goods (0.8% vs 3.8%). On a seasonally adjusted monthly basis, industrial activity shrank by 2.5% in December, following an upwardly revised 1.1% rise the month before. For the year 2025 as a whole, Spanish industrial production grew by an average of 1.3%.
2026-02-06
Spain Industrial Output Surges Most Since 2022
Spain’s industrial production expanded by 4.5% year-on-year in November 2025, sharply accelerating from a 1.2% increase in October and marking the strongest growth since July 2022, primarily driven by robust gains in energy output (7.2% vs. 3.8%), non-durable consumer goods (4.0% vs. 0.4%), and intermediate goods (3.2% vs. 1.7%). Capital goods production also returned to growth, rising 0.9% after a 1.5% decline in the previous month. In contrast, output of durable consumer goods fell by 3.3%, reversing October’s 0.9% increase. On a month-on-month basis, industrial activity grew by 1.0% in November, building on a 0.6% rise in October.
2026-01-09