Spain GDP Growth Confirmed at 0.1% in Q3

In the third quarter of 2013, Spanish economy expanded 0.1 percent when compared to the previous quarter and matching the initial estimate.
Krisztina Györffy | krisztina@tradingeconomics.com 11/28/2013 9:36:42 AM
In the third quarter, household final consumption expenditure increased 0.4 percent, recovering from a five quarter-long period of contraction. Gross fixed capital formation increased 0.2 percent, up from a decline of 2 percent in the second quarter.  

By output sectors, industrial output rose by 0.8 percent, up from a 0.5 percent expansion in the previous quarter and services grew 0.5 percent. In contrast, construction went down by 1.5 percent, while agriculture shrank 1 percent, down from a 0.4 percent expansion in the second quarter.

Spanish economy contracted 1.1 percent on an annual basis slightly better than a preliminary estimate of a 1.2 percent drop and up from -1.6 percent a quarter earlier.  

Spain GDP Growth Confirmed at 0.1% in Q3