The pace of contraction in the Spanish economy has eased in the fourth quarter, the Bank of Spain said Friday, suggesting that gradual improvement is taking place in the economy.
"The most recent economic indicators are in line with a continued slowdown in the rate of economic contraction," the central bank said in its monthly report. The pace of decline in the private consumption and construction sector eased, it added.
In the third quarter, Spanish gross domestic product dropped 0.3% sequentially. The economy continue to remain mired in recession while other major Eurozone economies have started to grow.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.