Analysis of the Spanish industry

Jul 16, 2018 | News

The industrial sector in Spain accounts for 14% of GDP, but in recent decades it is true that it has lost weight (as in all developed countries). This is due to the relocation and outsourcing of services.

In our country, the budget allocated to subcontracting has exceeded 70 billion euros for all companies in the sector.

On the employment contributed by companies in the industry, a decreasing trend is observed in the main countries of the Eurozone. In the case of Spain, the percentage of work generated by the industry is close to 11% of the total, almost half that of the data obtained 20 years ago.

Employment in the industrial sector is characterized by greater stability and continuity in general terms. More than 60% of workers dedicated to the industry have been in the same company for 6 years or more. It should also be noted that 8 out of 10 employees in the industrial sector have an indefinite contract, this figure being higher than what happens in other sectors where temporality is more common.

The type of working day in more than 90% of the contracts is complete, and the average remuneration is higher than that of other sectors of the Spanish economy.

As we analyzed in our previous news, the Spanish industry has a key role in the investment in innovation that is made throughout the country. There are studies that affirm that 4 out of 10 companies that invest in innovation are framed in the industrial sector.

In the industrial sector we see how 13.6% of companies invest in R&D, compared to 5.3% in other sectors.

In addition, it is expected that in the near future there will be a transformation and that the Internet will be integrated with industrial activity.

It is necessary that companies in the sector consider as one of their main objectives the digitalization of industrial processes, reaching the field of design and creation of new products.

The Spanish industry aims to become a benchmark in the modernization of the industry, combining digitalization actions with others of an environmental or social nature where public-private collaboration is fundamental.

With this, companies in the sector seek to increase added value and qualified employment, adapting the Spanish model to the industry of the future, we intend to promote the implementation of digital solutions in industrial processes.

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