FX.co ★ Spain Industrial Output Growth at 6-Month High

Spain’s industrial production rose by 3.4% year-on-year in May 2026, following an upwardly revised 2.3% increase in April. This was the third consecutive monthly expansion in industrial activity and the strongest performance since November 2025. The rise was driven mainly by higher output of intermediate goods (5.4% vs 2.2% in April), energy (5.1% vs 2.5%), and capital goods (3.9% vs 4.1%). In contrast, production of consumer goods declined (-1% vs -0.4%), including both durable goods (-4.2% vs -6.4%) and non-durable goods (-0.7% vs 0.3%). On a seasonally adjusted monthly basis, industrial production increased by 1.2% in May, rebounding from a downwardly revised 0.3% fall in the previous month.