Spain's industrial output fell by 0.4% year-on-year in July 2024, following a downwardly revised 0.2% increase in the prior month and compared with forecasts of a 0.4% rise. It marked the first decline in industrial activity after two consecutive months of mild growth, with output falling by 4.8% in the capital goods sub-sector. Meanwhile, production increased for intermediate goods (+1.5%), consumer goods (+0.9%) and energy (+0.3%). On a seasonally adjusted monthly basis, industrial activity decreased by 0.4% in July, after a downwardly revised 0.2% rise in the prior month. source: National Statistics Institute (INE)
Industrial Production in Spain decreased 0.40 percent in July of 2024 over the same month in the previous year. Industrial Production in Spain averaged 0.91 percent from 1976 until 2024, reaching an all time high of 46.40 percent in April of 2021 and a record low of -33.50 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 September of 2024.
Industrial Production in Spain decreased 0.40 percent in July of 2024 over the same month in the previous year. Industrial Production in Spain is expected to be 2.20 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 1.10 percent in 2025 and 0.90 percent in 2026, according to our econometric models.