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Economy And The Numbers

Spain GDP Growth Accelerates In Q2

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us

Spain's economic growth improved in the second quarter driven by robust domestic demand, flash data from the statistical office INE showed on Tuesday.

Gross domestic product expanded 0.7 percent sequentially after rising 0.6 percent in the prior period.

At the same time, annual GDP growth held steady at 2.8 percent in the second quarter.

On the expenditure-side, household consumption advanced 0.8 percent, while government spending was down 0.1 percent. Gross capital formation logged a quarterly growth of 2.1 percent.

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