Spain GDP Growth at 8-Year High

The Spanish economy advanced 1 percent on quarter in the three months to June 2015, accelerating from a 0.9 percent expansion in the previous period and in line with market expectations.
Joana Taborda | joana.taborda@tradingeconomics.com 7/30/2015 9:05:31 AM
The economy posted its eighth consecutive quarter of growth, the highest since the first quarter of 2007, according to preliminary estimates. 

Year-on-year, the GDP expanded 3.1 percent in the second quarter of 2015, accelerating from a 2.7 percent increase in the previous period, also matching forecasts. 

The government raised its growth forecasts earlier in July. The economy is expected to expand 3.3 percent in 2015 and 3 percent in 2016 from a previous 2.9 percent estimate for both years. 

Spain GDP Growth at 8-Year High