Spain's economic growth eased notably in the third quarter as the strength in consumption and investment were offset by the slowdown in the contribution from foreign trade, the statistical office INE said Friday.
The quarterly economic growth eased more-than-expected to 0.2 percent from 1.5 percent in the second quarter. Gross domestic product was forecast to climb 0.3 percent.
On a yearly basis, GDP advanced 3.8 percent in third quarter, slower than the 6.8 percent expansion in the second quarter. Economists had forecast an annual growth of 3.9 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.