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Spain industrial output falls 12.2% year-on-year in March

Fri 8th May 2020
Spain industrial output falls 12.2% year-on-year in March

Spain’s calendar-adjusted industrial output fell 12.2% year-on-year in March, data reported by the country's National Institute of Statistics (INE) showed on Friday.

This comes after the country's economy ground to a halt following a strict lockdown imposed on March 14th to curb the coronavirus contagion.

The National Statistics Institute revised the February contraction to 1.5% year-on-year, from a 1.3% drop previously reported.

Recommended Reading :

* Spain predicts 9.2% economic decline in 220

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