Spanish industrial output rose 2.6% on year in November, recovering from a fall of 0.8% in October. The figure represents the biggest increase in over two years and adds to the flow of positive data that has been coming out of Spain over the past few months. French industrial production grew 1.3% on month in November after dropping 0.5% in October and easily topped consensus of 0.4%. However, the figures are for two months ago and PMI data for December didn't make for pretty reading.
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