15 January 2009

THIS IS WORLDWIDE ECONOMIC CONSOLIDATION Spanish industrial output plunges 15.1% [news story]

Article: "Spanish industrial output plunges"
Source: BBC News
Excerpt(s): Spanish industrial output fell by 15.1% in November, compared with the same month one year ago, the biggest fall on record and a sign of a deep recession. Analysts had expected output in factories and mines to drop by 11%. On Thursday, figures revealed that the country's unemployment rate hit a 12-year high in 2008 of 3 million. Retail sales across the 15 nations that share the euro rose unexpectedly in November, defying the gloom that pervades the eurozone economy.
Link to Full Story: http://news.bbc.co.uk/1/hi/business/7819569.stm
Picture from BBC News, originally captioned: Employment in Spain's construction industry has been hard hit

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