Spain Industrial Production Growth Slows Sharply

 

Spain’s industrial production growth slowed significantly in March, according to a report issued by the National Office of Statistics (INE) yesterday.

The industrial production index rose a seasonally-and-calendar adjusted 0.4% year-on-year after a 2.5% growth in February.

The rate of growth was at it' lowest since July last year, when output increased at the same rate.

On an unadjusted basis, industrial production grew 9.0% in March, rebounding from a 1.6% fall in the previous month.

Compared to the previous month, production dropped for a second straight month, down an adjusted 0.4% in March, following 0.2% fall in February.

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