Spain industrial output rises

10 Nov, 2015

Spain's industrial output rose more than expected in September, official data showed on Friday, boosted by capital goods and durable consumer goods, which should help the economy motoring ahead. Calendar-adjusted industrial output rose 3.8 percent year-on-year in September, data from the National Statistics Institute showed on Friday, above forecasts for a 2.8 percent increase.
Activity was higher in all the main components. Capital goods led the gains, rising 11.7 percent from a year earlier, as companies replaced aging equipment. Durable consumer goods came next, up 9.3 percent, as families bought new appliances. September's increase compared with a 2.8 percent rise in August, which was revised up from a preliminary reading of 2.7 percent.

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