Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Spanish industry hits 21 months of falling output

Share this article

12:41 CEST+02:00
Spanish factories slowed output again in May, official data showed Friday, as demand collapsed in a long recession that has pushed unemployment above 27 percent.

The country has now seen nearly two years of falling industrial production.

Spain's factories and utilities cut output by 1.3 percent in the year to May, after smoothing out seasonal blips.

This followed a 1.5-percent decline in April, the National Statistics Institute (INE) said in a preliminary report.

Industrial production has dropped on an annual basis every month since September 2011 as Spain struggles in a near two-year recession, still unable to shake off the implosion in 2008 of a decade-long property bubble.

Output of consumer goods tumbled 1.5 percent overall. Production of durable consumer goods such as cars or washing machines plunged 14.3 percent while output of non-durable consumer goods such as food or paper was unchanged.

Producers boosted output of business equipment by 3.1 percent.    

Production of intermediate goods used in manufacturing, such as chemicals, fell 3.4 percent.

Utilities lowered energy output by 1.8 percent.

Get notified about breaking news on The Local

Share this article

From our sponsors

Change the world with a master's degree from Sweden's Linköping University

Master's students at world-leading Linköping University (LiU) aren't there simply to study. They solve real-world problems alongside experts in fields that can create a better tomorrow. Do you have what it takes to join them?

Advertisement