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Spain's Industrial Output For Spain Falls 1.8% On Year

Source: Reuters - Fri 4th Nov 2011

The National Institute of Statistics (INE) announced today how industrial output fell in September, and reduced an earlier forecast of a jump in output in August, evidence of surpressed economic activity in the euro zone's fourth-largest economy.

Industrial output declined by 1.8% on the year in calendar-adjusted terms, compared with flat output in August, the agency said. It had previously reported a 0.3% increase in August.

The Bank of Spain announced last week that the country's economy grew at a 0.7% annual rate in the third quarter, driven largely by exports.

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