Spain Falls Further In Industrial Output

Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"

Spain, in the midst of a massive recession, saw a 6.5% decrease in industrial output in February 2013 versus a year earlier. That followed a 4.9% decline in January.

The bad news further complicates an economic meltdown that includes bank failures, massive company debuts and austerity measures forced on the government as part of bailouts from the EU.

Spain is hovering at a 26% unemployment rate.

News improved in one of the EU’s other major economies as France bounced back with a 0.7% gain in February. Economists believe that might indicate stabilization in the French economy that would boost the entire EU.

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