The downturn in Spain's industrial production continued in June, the statistical office INE showed Wednesday.
Industrial output was down by adjusted 6.3 percent annually, slower than the 6.5 percent decline logged in May. Economists had forecast a 6.2 percent drop for June.
On an unadjusted basis, overall production slipped 6.9 percent from a year ago, following a 5.7 percent fall in May.
Production of consumer goods slipped 2.7 percent, while durable consumer goods output plunged 11.9 percent. Capital goods output and intermediate goods production fell 12.8 percent and 7.5 percent, respectively. Energy output dropped only 1.6 percent.
by RTT Staff Writer
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