Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain's industrial output posts sharpest rise in nearly 3 years

Source: Reuters - Fri 10th Jan 2014
Spain's industrial output posts sharpest rise in nearly 3 years

Spain's industrial output rose in November, its biggest yearly jump in nearly 3 years, official data showed on Friday boosted by a favourable annual comparison after tax hikes last year.

Spain emerged from a 2-year recession in Q3, thanks to strong exports and recovering domestic demand, but industry is still struggling to reverse a deep slump that has lasted years.

Output in Q4 overall was likely to be broadly unchanged from the previous period, analysts said, meaning industry would likely be less of a boost to Q4 GDP compared to the previous period despite November's encouraging figure.

"There are not many signs yet that we're seeing a recovery with any significant momentum in Spain," said Ben May, analyst at Captital Economics.

Spain's calendar-adjusted industrial output rose 2.6% on year in November, data from the National Statistics Institute (INE) showed.

In October, output fell 1.3%, revised down from a preliminary reading for a 0.8% fall.

Comment on this Story

 
Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs

 
Use the hair extensions pretty curling styling spray to evenly spray on the hair wigs part that wants to highlight the hair extensions uk curl, then use the curling iron to start at the horizontal line behind the ear, and the human hair extensions uk single layer is rolled, and the handsome yet playful hairstyle is born.