Spain's industrial production level dropped in October

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Source: Marketwatch
© Scanpix/Reuters
Spanish industrial output declined 4% in October, said Spain's statistics agency on Monday. October's drop is the worst reading during a year compared to 1.4% contraction in September. Output decreased in all industrial areas. Durable goods lost 14%, energy output edged down 7.6% while intermediate goods gave up 5.8%. Falling output may be a signal that Spain's economy will contract in the last quarter.

 

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