Forexpros – Industrial production in Spain tumbled in December, dropping for the fourth consecutive month, official data showed on Wednesday.
In a report, Spain’s statistical office said industrial production fell at an annualized rate of 6.9% in December, disappointing expectations for a decline of 6.7%.
Industrial production tumbled by an unrevised 7.0% in November.
Following the release of the data, the euro remained fractionally higher against the U.S. dollar, with EUR/USD easing up 0.14% to trade at 1.3279.
Meanwhile, European stock markets were broadly higher. Spain’s IBEX 35 rose 0.5%, the EURO STOXX 50 gained 0.7%, France’s CAC 40 added 0.7%, while Germany's DAX rallied 0.9%.
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