Spain: Preliminary data show economy records largest expansion in 8 years in Q1
April 30, 2015
GDP expanded a seasonally-adjusted 0.9% in Q1 2015 over the previous quarter, according to preliminary data released by the National Statistics Office (INE) on 30 April. The expansion was above Q4 2014’s 0.7% rise and the 0.8% the market’s had expected. In addition, Q1’s print marked the largest expansion since Q1 2007.
On an annual basis, GDP expanded 2.6% in Q1, which represented an improvement over the 2.0% increase recorded in the previous quarter and marked the largest expansion since Q2 2008. The National Statistics Office (INE) will release more detailed data on 28 May.