RTTNews reports that the statistical office INE said that Spain's industrial production declined at a slower pace in December.

Industrial production declined by adjusted 0.6 percent on year, following a 3.7 percent drop seen in November. Production has dropped over the last twelve months.

On an unadjusted basis, industrial output grew 2.9 percent annually, reversing a 2.1 percent fall in the previous month.

Month-on-month, industrial production advanced 1.1 percent in December, offsetting a 0.9 percent drop seen in November.

In the whole year of 2020, industrial production was down by adjusted 9.4 percent from the previous year.