Market Analysis

Final data confirms that Spain's quarterly GDP growth in Q2 was +0.8%

Amos Simanungkalit · 27 Sep10.7K Views

Spain's gross domestic product (GDP) increased by 0.8% in the second quarter compared to the previous three months, as reported by the National Statistics Institute (INE) on Friday, confirming the preliminary estimate released in June.

This quarter-on-quarter GDP growth matched the average forecast from analysts surveyed by Reuters.

On a yearly basis, Spain's economic output in the second quarter grew by 3.1%, with INE revising the figure up from the earlier estimate of 2.9%. Analysts had anticipated a 2.9% rise, according to the Reuters poll.

Additionally, INE revised the first quarter of 2024's quarter-on-quarter GDP growth to 0.9%, up from the initial estimate of 0.8%.

Paraphrasing text from "Reuters" all rights reserved by the original author.

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