Spanish official industrial output rebounds in November

5th January 2011, Comments 0 comments

Spanish industrial output spurted by 2.3 percent in November, despite radical measures to correct public finances, adjusted data from the statistics agency Ine showed on Wednesday.

In the first 11 months of 2010, industrial output showed a rise of 0.8 percent from output in the same period of 2009, on an adjusted basis. The increase was attributable mainly to a strong performance from March to August.

In 2009, industrial output had slumped by 15.8 percent from output in 2008.

In October of 2010, industrial output had shrunk by 1.9 percent and in September by 1.7 percent.

Output in November was boosted by a 7.7-percent rise in energy prouction, a 4.0-percent rise in output of semi-finished goods and a 1.4-percent rise in production of equipment.

But production of consumer goods remained depressed, falling by 1.3 percent. Output of durable consumer goods slumped by 9.8 percent.

© 2011 AFP

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