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- Spain industrial production falls at slower pace in December
Spain industrial production falls at slower pace in December
RTTNews reports that the statistical office INE said that Spain's industrial production declined at a slower pace in December.
Industrial production declined by adjusted 0.6 percent on year, following a 3.7 percent drop seen in November. Production has dropped over the last twelve months.
On an unadjusted basis, industrial output grew 2.9 percent annually, reversing a 2.1 percent fall in the previous month.
Month-on-month, industrial production advanced 1.1 percent in December, offsetting a 0.9 percent drop seen in November.
In the whole year of 2020, industrial production was down by adjusted 9.4 percent from the previous year.
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