Spain Industrial Production Moderates Its Fall In October And Is Almost Back To The Pre-Crisis Level
The General Index of Industrial Production (IPI) plunged 6.1% in October compared with a year earlier. This was an increase of more than five percentage points on September’s yearly decline (-0.6%) but seasonally adjusted it recorded a year-on-year fall of 1.6% in October, moderating the September decline by 1.5 points (-3.1%). In monthly terms, and within the adjusted series, the index rose by 0.6%, three tenths of a percentage point less than in September. This growth is well off the double-digit increases recorded in May, June and July.