Saturday, October 25, 2014   

Spain logs better industrial output in March
(05-08 17:26)

Spain's factories are gently lifting production in response to a hesitant, jobs-starved recovery from years of recession, official data showed Thursday.
Spanish factories and utilities raised output at an annual rate of 0.6 percent in March, after smoothing out seasonal blips, the National Statistics Institute said.
It was the fifth straight month of rising industrial output in the Spanish economy, which emerged in mid-2013 from five years of stop-start recession.
Despite reporting slow economic growth, Spain remains scarred by a 2008 property crash, which destroyed millions of jobs. In the first quarter of this year, the unemployment rate edged up to nearly 26 percent.
Spanish industry appears to be reacting to the resulting weakness in the consumer sector, latest data showed, with output of consumer goods easing 0.2 percent.
A breakdown showed production of durable consumer goods such as cars or refrigerators slumped by 4.8 percent while output of non-durable consumer goods such as paper or food edged up by 0.8 percent.
More hopefully, output of business equipment such as machinery climbed 3.0 percent and intermediate goods used in manufacturing, such as textiles or chemicals, rose by 1.7 percent. Utilities lowered energy output by 2.5 percent. --AFP
   
Other Business breaking news:
China and 20 other countries sign up to regional bank (10-24 18:00)
Britain says EU is asking for bigger contribution (10-24 17:49)
British economy grows slower in Q3 (10-24 17:00)
Firm in China's first bond default to be restructured (10-24 16:59)
Hang Seng closes lower (10-24 16:22)
Pearson reports sliding sales (10-24 16:22)
European stocks fall at open (10-24 16:05)
BASF says won't meet 2015 targets (10-24 16:04)
ECB to unveil results of eurozone bank health check (10-24 16:04)
German consumer confidence stops falling: survey (10-24 15:59)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.