© 2024 Michigan State University Board of Trustees
Public Media from Michigan State University
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Spain's Industrial Output Falls In April

DAVID GREENE, HOST:

NPR's business news starts with yet another setback for Spain.

(SOUNDBITE OF MUSIC)

GREENE: Spanish factory and mine production had its worst month in more than two years. The country's industrial output in April fell by more than eight percent. Spain is in its second recession since 2009, and eurozone nations are concerned its troubled banks might need a capital boost. This anxiety is causing headaches for banks in Germany. Six German banks had their credit ratings cut by Moody's today. The ratings agency worries that German banks face higher risks as the eurozone crisis deepens. Transcript provided by NPR, Copyright NPR.

Journalism at this station is made possible by donors who value local reporting. Donate today to keep stories like this one coming. It is thanks to your generosity that we can keep this content free and accessible for everyone. Thanks!