Spain Factory Activity Logs First Decline in 10 Months

2026-02-06 08:19 By Luisa Carvalho 1 min. read

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%.



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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%.
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