Spain GDP Growth Weakest Since 2014


The Spanish economy grew 0.6 percent on quarter in the three months to June 2018, easing from a 0.7 percent expansion in the previous period and below market expectations of 0.7 percent, the preliminary figure showed. It was the lowest growth rate since the second quarter of 2014.

Year-on-year, the GDP expanded by 2.7 percent in the second quarter of the year, slowing from a 2.8 percent increase in the previous period and missing market forecasts of 2.8 percent. It was the weakest annual growth rate in nearly four years. According to preliminary estimates domestic demand made the biggest contribution (2.9 percentage points), higher than the previous quarter (2.8 percentage points in Q1). Meantime, the external demand had a negative contribution of 0.2 percentage points, after adding 0.2 percentage points in the prior period.

Spain GDP Growth Weakest Since 2014


INE | Stefanie Moya | stefanie.moya@tradingeconomics.com
7/31/2018 7:33:32 AM