FX.co ★ Spain’s Industrial Output Growth Accelerates to 3.4% in May

Spain’s industrial production strengthened in May 2026, with year-over-year output rising 3.4%, up from a 2.3% increase recorded in April 2026.

The data, updated on 3 July 2026, show that industrial activity is gaining momentum on an annual basis. The May reading compares the change in output to May of the previous year, while April’s 2.3% figure reflected the year-over-year change for that month.

This acceleration suggests a firmer industrial backdrop for Spain as the second quarter progresses, with two consecutive months of positive annual growth in factory output.