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Spain December industrial output grows at fastest rate in almost 18 years

Reuters    Translate This Article
8 February 2018

On 8 February 2018 Reuters reported: Spanish industrial output grew in December at its fastest pace since May 2000, official data showed on Thursday (8 February), the latest data to back expectations of continued strength in the domestic economy. Spain suffered an almost five year recession until the second half of 2013 when the economy began a long, slow turn around boosted by strong exports and rising domestic demand. The economy could also grow by around 3 percent this year, the Economy Minister Luis de Guindos said on Wednesday. Global Good News service views this news as a sign of rising positivity in the field of business, documenting the growth of life-supporting, evolutionary trends.

Markit's Purchasing Managers Index (PMI) showed February 1 that Spain's factories continued to grow at a solid pace in January, driven by new orders and rising employment.

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