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

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.

Spain's industrial output surges to 4-year-high
Photo of factory: Shutterstock

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.

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