Advertisement

INE

Spain's industrial output surges to 4-year-high

AFP
AFP - [email protected]
Spain's industrial output surges to 4-year-high
Photo of factory: Shutterstock"

Spain's factories enjoyed a four-year record surge in output in April in a fresh sign of a gathering, yet jobs-scarce economic recovery, official data showed on Friday.

Advertisement

Spanish industry boosted production by 4.3 percent over the year to April, the sharpest increase since March 2010, the National Statistics Institute said.

Spain, the eurozone's fourth-largest economy, has now reported six straight months of rising industrial output, according to the data, which are corrected for seasonal blips.

The economy emerged in mid-2013 from five years of stop-start recession, posting a gentle increase in activity since then but not enough to significantly dent the unemployment rate, which stands at 25.93 percent.

More

Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.

Please log in to leave a comment.

See Also