Spain’s industrial production returned to growth in March 2026, rising 1.8% year-over-year and reversing the 0.9% annual decline recorded in February 2026, according to data updated on 8 May 2026.
The March figure marks a clear improvement in the year-over-year comparison, indicating that Spanish industry expanded relative to March a year earlier after having contracted on the same basis in February. The data are presented on a year-over-year basis, with both the current and previous readings comparing each respective month to the same month of the prior year.
The shift from a -0.9% drop in February to a 1.8% increase in March suggests a strengthening in industrial activity as the first quarter of 2026 drew to a close, offering a more positive signal for Spain’s manufacturing and broader industrial sectors.
