The FINANCIAL — Spanish industrial output plunged in March, providing new evidence of a deepening downturn for the Spanish economy.
According to data Monday from Spain's National Statistics Institute, industrial output fell by 7.5% in a calendar-adjusted annual rate in March, after falling by 5.3% in February and by 4.4% in January.
According to Borsa Italiana – London Stock Exchange Group, Spanish gross domestic product fell by 0.3% in the first quarter from the fourth quarter of last year, the statistics agency said last week.
