Spanish industrial output slows in February
AFP · 10 Apr 2013, 12:22
Published: 10 Apr 2013 12:22 GMT+02:00
- Inflation slows on back of lower fuel costs (27 Mar 13)
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, the 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 annualized 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.