Spain: Economic growth steady in Q4 2016
January 30, 2017
The Spanish economy recorded another strong expansion in the fourth quarter to round off a year of remarkable growth. GDP expanded at a seasonally-adjusted 0.7% in Q4 from the previous quarter, according to preliminary data released by the National Statistics Office (INE) on 30 January. The expansion matched both FocusEconomics panelists’ expectations and the increase logged in the third quarter.
On an annual basis, GDP expanded 3.0% in the fourth quarter, which was slightly below the 3.2% increase observed in the previous quarter and the lowest reading in seven quarters. The National Statistics Office will release more detailed data on 2 March.
Author: David Ampudia, Economist