Spain posts first year-on-year rise in industrial output since Feb 2008

In March this year, Spain's industrial production index improved for the first time since February 2008 on year-on-year basis, according to the statistics released by Spain's National Institute of Statistics (INE).
 
In the third month of 2010, Spain's industrial production rose 12.87 percent over February and was up 6.76 percent year on year. March was the second consecutive month for which an increase on month-on-month basis was registered.
 
According to INE, in the given month, basic iron, steel and ferroalloy production surged 25.6 percent, manufacture of articles of iron or steel rose by two percent, while the motor vehicle output of the country increased by 26.7 percent, all compared to March 2009.