Good and bad news coming out of Spain.
Bad: Industrial output fell for the ninth straight month in a row in May. It fell 6.1% year-on-year in another real-life example of the crippling effect the problems are having on the country
Good: The 6.1% fall was less than the 8.5% that had been predicted, and was at a slower rate of decline compared with the 8.3% drop (year on year) in April.
