FX.co ★ Spain’s Industrial Output Slide Deepens in February With 1.1% Annual Drop

Spain’s industrial sector weakened further in February 2026, as industrial production fell 1.1% year-over-year, according to data updated on 9 April 2026. The decline marks a sharper contraction than in January 2026, when output slipped 0.2% compared with the same month a year earlier.

The figures, measured on a year-over-year basis, indicate that the industrial downturn is gaining momentum rather than stabilizing. While January’s reading suggested only a marginal setback, February’s steeper decline points to growing pressure on Spanish manufacturers at the start of 2026. Investors and policymakers will be watching upcoming data closely for signs of whether this slowdown is temporary or the start of a more prolonged industrial soft patch.