Spain GDP Expands 0.7% QoQ in Q3


The Spanish economy advanced 0.7 percent on quarter in the three months to September of 2016, following a 0.8 percent expansion in each of the previous three quarters and in line with market expectations, preliminary estimates showed. It was the 12th straight quarter of growth, but the weakest reading since the fourth quarter of 2014.

It was the 12th straight quarter of growth as low inflation, falling unemployment and a bumper tourist season boosted consumer spending this year. Still, growth slowed to a nearly two-year low.

Compared with the same quarter a year ago, the GDP advanced 3.2 percent, following an upwardly revised 3.4 percent expansion in the previous period but above expectations of 3.1 percent growth.

Spain GDP Expands 0.7% QoQ in Q3


Joana Ferreira | joana.ferreira@tradingeconomics.com
10/28/2016 8:54:02 AM