Spain Industrial Production y/y

Country:
Spain
EUR, Euro
Sector:
Business
Low 0.8% 2.5%
1.6%
Last release Importance Actual Forecast
Previous
-1.9%
0.8%
Next release Actual Forecast
Previous
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Spain Industrial Production y/y reflects changes in total outputs of the manufacturing sector (excluding construction) in the reported month compared to the same month of the previous year. This is a quantitative index reflecting changes in the industrial production quantity and quality. The index is calculated relative to the base period, which has the benchmark level of 100 (adopted in 2015).

The main purpose of the index is to display the development dynamics of the gross value added volume depending on the industrial sector factors. The variable is evaluated based on the calculated physical production of the industrial sector. The estimation is based on the aggregated Laspeyers index. This approach enables the identification of economic cycles, which can be extremely useful for tracking large measures, such as the development of the industrial sector and the economic activity in general.

The Industrial Production index strongly depends on the seasonal factor, which is especially noticeable in the summer, when industrial production is experiencing a decline due to employee leaves, especially in August. Therefore, the Industrial Production Index is adjusted for the calendar of holidays and working days without taking into account seasonality, and thus compensating for deviations of less than 1 year.

The methodology used for the final index calculation is harmonized across the European Union countries to enable appropriate comparability. In Spain, the calculation on the state level has been performed by the National Statistics Institute since 1975. Since 2002, such measurements are performed at the level of autonomous regions.

The Industrial Production Index is currently published in accordance with the seasonal adjustment and the basic calendar for 2015. Data for the calendar is collected in a survey of 11,500 manufacturing enterprises regarding the basket of products which are typical for the entire manufacturing sector, excluding the construction sector. The basic statistics used for the calculation of weights of various industries and autonomous regions are provided in the Industrial Questionnaire, which is also compiled by the National Statistics Institute. Industrial production growth can affect the euro quotes positively.

Last values:

actual data

forecast

The chart of the entire available history of the "Spain Industrial Production y/y" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Jul 2019
0.8%
2.5%
1.6%
Jun 2019
1.8%
5.1%
1.4%
May 2019
1.4%
-2.2%
1.7%
Apr 2019
1.7%
-2.5%
-3.0%
Mar 2019
-3.1%
-2.4%
-0.2%
Feb 2019
-0.3%
-3.2%
2.7%
Jan 2019
2.4%
-0.6%
-5.9%
Dec 2018
-6.2%
0.3%
-3.2%
Nov 2018
-2.6%
0.3%
0.7%
Oct 2018
0.8%
-0.2%
Sep 2018
-0.1%
1.1%
Aug 2018
1.2%
1.2%
Jul 2018
0.5%
0.5%
Jun 2018
0.5%
1.3%
May 2018
1.6%
2.1%
Apr 2018
1.9%
4.6%
Mar 2018
5.1%
3.1%
Feb 2018
3.1%
0.7%
Jan 2018
1.2%
5.8%
Dec 2017
6.1%
4.6%
Nov 2017
4.2%
4.4%
Oct 2017
4.1%
3.4%
Sep 2017
3.4%
1.9%
Aug 2017
1.8%
1.9%
Jul 2017
1.9%
2.6%
Jun 2017
2.7%
3.3%
May 2017
3.0%
0.5%
Apr 2017
0.7%
0.4%
Mar 2017
0.4%
2.5%
Feb 2017
2.5%
2.6%
Jan 2017
2.5%
2.0%
Dec 2016
1.9%
2.8%
Nov 2016
3.2%
0.6%
Oct 2016
0.5%
0.8%
Sep 2016
0.8%
4.3%
Aug 2016
4.0%
0.4%
Jul 2016
0.3%
0.8%
Jun 2016
0.8%
0.9%
May 2016
1.0%
2.7%
Apr 2016
2.7%
2.8%
Mar 2016
2.8%
2.1%
Feb 2016
2.2%
3.4%
Jan 2016
3.5%
3.7%
Dec 2015
3.7%
4.3%
Nov 2015
4.2%
4.1%
Oct 2015
4.0%
3.7%
Sep 2015
3.8%
2.8%
Aug 2015
2.7%
5.2%
Jul 2015
5.2%
4.5%
Jun 2015
4.5%
3.4%

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