RTTNews - Spain's industrial turnover dropped 29% year-on-year in May, slower than a 32.1% fall in the preceding month, the National Statistics Institute said Friday. This is the eighth consecutive month of drop in turnover.

All the industrial groups showed double-digit falls in turnover, with energy showing the biggest fall of 51.3% in May.

In the first five months of the year, industrial turnover dipped 28.9% from the same period last year.

Meanwhile, industrial new orders fell 29.5% annually in May, slower than a 31.4% drop in April. New orders have been declining continuously since August last year. Energy recorded the steepest fall in orders among the industries, by 51.4%.

In the first five months of the year, the new orders fell 30.5% from last year.

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