World Business

Spain's industrial production sees first increase in two years

(Xinhua)
Updated: 2010-05-06 09:15
Large Medium Small

MADRID - Spain's industrial production rose an unadjusted 6.8 percent in March on an annual basis, the first upturn since April 2008, according to official data released Wednesday.

Related readings:
Spain's industrial production sees first increase in two years Spain seeks new EU economy strategy
Spain's industrial production sees first increase in two years Spanish finance minister: We're doing enough to put house in order

The increase was 5.4 percent seasonally adjusted; and up 8.5 percent on February's output, the National Institute of Statistics (INE) said.

This was the second piece of good news in 24 hours for Spaniards, who were told Tuesday the country's unemployment rate fell in April for the first time in eight months.

According to the INE, almost all production sectors saw an upturn in March. Among them, production of non-durable goods rose 10 percent, and production of semi-finished goods was up 8.2 percent.

Strong growth was also recorded in the production of motor vehicles and iron- and steel-related goods.
Specials
Columnists
China Daily E-paper