Spain Industrial production May 2022

Industrial production rose 3.8% year on year seasonally and calendar adjusted in May (April: 2.3% year on year). The acceleration was driven by stronger growth in the production of consumer and capital goods, as well as energy. In addition, intermediate goods recovered.

On a monthly basis, factory production declined a seasonally adjusted 0.2% in May, compared with a 2.1% increase in April. Meanwhile, the trend was downward, with CAGR of 2.7% in May compared to 4.2% in April.

FocusEconomics Consensus Forecast experts forecast industrial production growth of 2.4% in 2022 and 2.4% in 2023.