RTTNews reports that figures released by the statistical office INE showed that Spain industrial production declined at a faster pace in November driven by the weakness in energy and capital goods output.

Industrial production decreased by adjusted 3.8 percent from the last year, bigger than the 1.6 percent fall seen in October. Economists had forecast an annual fall of 2.6 percent.

Meanwhile, on an unadjusted basis, the decline in industrial output slowed to 2 percent from 6.2 percent.

Among components, capital goods output decreased 7.1 percent and energy production was down 7.8 percent. Consumer goods output fell 3.6 percent. Meanwhile, intermediate goods production was up 1.2 percent.