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Spain industrial output falls for 17th consecutive month

Source: Reuters - Fri 8th Mar 2013
Spain industrial output falls for 17th consecutive month

Spain's calendar-adjusted industrial output fell 5.0% year-on-year in January, the 17th month of declines, data from the National Statistics Institute (INE) showed on Friday.

The January figure beat Reuters forecasts for a 5.2% decline and compared to a contraction of 7.1% in December, revised down from a preliminary reading of a fall of 6.9%.

Spanish industrial production last registered growth in March 2011, and has contracted or remained flat every month ever since.