Spanish official industrial output rises for second month

4th June 2010, Comments 0 comments

Spanish industrial output rose by 2.4 percent in April on a 12-month basis, adjusted official data showed on Friday.

The figures from the national statistics institute showed the second monthly increase in a row.

Spain was particularly hard hit by repercussions from the global economic downturn in the form of a crash in the property market, largely owing to specific factors in Spain.

The Socialist government is now introducing draconian curbs on public spending and attempts to open up the labour market to reassure financial markets where Spanish debt bonds have been under strong pressure.

© 2010 AFP

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