Spain Industrial Output Drops In September

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Thursday, Spain's National Institute of Statistics announced that the industrial production dropped a calendar adjusted 12.5% year-on-year in September, compared to a 12.7% fall in the previous month, revised from 13.1% decline reported initially. Economists were looking for a decline of 13.3%.

Manufacturing production fell 13.3% on an annual basis in September, while mining and quarrying production slipped 14.1%.

On an unadjusted basis, industrial production declined 12.5% year-on-year in September, after falling 10.6% in August.

Thursday, Spain's National Institute of Statistics announced that the industrial production dropped a calendar adjusted 12.5% year-on-year in September, compared to a 12.7% fall in the previous month, revised from 13.1% decline reported initially. Economists were looking for a decline of 13.3%. (Market News Provided by RTTNews)