Spanish Industrial Turnover Continues To Fall In October

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Spain's industrial turnover plunged 15.6% year-on-year in October compared to the 18.8% fall in the previous month, the Madrid based National Statistics Institute reported on Friday. This is the thirteenth straight month in which industrial turnover has recorded a double-digit fall. Turnover dipped 27.4% in the energy sector, while turnover in consumer goods industries was down 11.4%.

In the first ten months of the year, industrial turnover plummeted 24.5% compared to the same period of the previous year.

The statistical office also said that industrial new orders declined 14.6% annually in October, following the 19% decrease in the preceding month. In the January to October period, new orders were down 25.8% from a year ago.

Spain's industrial turnover plunged 15.6% year-on-year in October compared to the 18.8% fall in the previous month, the Madrid based National Statistics Institute reported on Friday. This is the thirteenth straight month in which industrial turnover has recorded a double-digit fall. Turnover dipped 27.4% in the energy sector, while turnover in consumer goods industries was down 11.4%. (Market News Provided by RTTNews)