Spain's output slows down at the slowest pace in 3 months in January

Spanish industrial production decreased more in the month of January with the pace of reduction slowing down to its lowest level in three months, the Ine statistical office showed in a report on Friday. Year-on-year, the country's industrial output dropped 5% in the first month of 2013 compared to a 6% slid initially forecast, following a 7.1 fall recorded in December 2012.