Spain GDP Growth Confirmed at 0.8% in Q4


The Spanish economy advanced 0.8 percent on quarter in the last three months of 2015, the same as in the previous period and in line with preliminary figures. It is the tenth straight quarter of growth, final estimates showed. The expansion was mainly driven by consumer spending and gross fixed capital formation while exports rose at a faster pace than imports. Year-on-year, the economy advanced 3.5 percent, bringing full 2015 growth to 3.2 percent, higher than 1.4 percent in 2014.

Quarter-on-quarter, private consumption expenditure grew at a slower 0.8 percent, from 1.1 percent in Q3. Gross fixed capital formation expanded 1.1 percent (1.3 percent in Q3), driven by 1.1 percent growth in fixed assets (from 1.5 percent), as capital goods and cultivated assets expanded 1.9 percent (from 2.6 percent) and construction increased 0.6 percent (from 0.7 percent). Also, investments in intellectual property products increased 1.2 percent (from 0.0 percent).Government consumption expenditure rose 0.1 percent, compared with a 0.9 percent in the previous quarter.
Total exports (0.9 percent from 1.8 percent in Q3) grew at a faster pace then imports (0.3 percent, following a 3.1 percent in Q3)

On the production side, services sector went up at a slower 0.6 percent from 0.9 percent in the precedent quarter. Industrial activities increased at a 0.3 percent compared to 0.5 percent growth in Q2, as manufacturing production advanced 0.7 percent (from 1.0 percent). while construction grew at a faster 1.5 percent (from 1.3 percent). Agriculture expanded 2.7 percent, following the same increase in the previous quarter.

Year-on-year, the economy expanded 3.5 percent, the highest value since the fourth quarter of 2007, mainly driven by household consumption (3.5 percent from 3.6 percent in Q3), government consumption rose (3.7 from 3.0 percent in Q3) and gross fixed capital formation (6.4 percent from 6.7 percent in Q3).

Spain GDP Growth Confirmed at 0.8% in Q4


Yekaterina Guchshina | yekaterina@tradingeconomics.com
2/25/2016 11:52:52 AM