Spanish industrial output fell faster in February, dropping by 6.5 percent from the same month a year earlier following a decline of 4.9 percent in January, official statistics released on Wednesday showed. The latest drop was in large part the result of weakening production of durable consumer goods, the data showed. The seasonally-corrected figure which was released by the national statistics institute Ine, has fallen steadily since August 2011, while Spain, the fourth biggest eurozone economy, has been in recession since the second half of that year. The constant drop in industrial output eased somewhat in October, when it declined by 3.1 percent on an annualised basis, before posting plunges of 7.0 percent in November and 7.1 percent in December. All sub-categories showed declines in February, an Ine statement said, with production of consumer goods posting a sharp drop of 10.2 percent for durable goods and 3.3 percent for non-durable goods. From: AFP
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor