Spain: Preliminary data show growth slowing in Q3
October 30, 2014
GDP expanded a seasonally-adjusted 0.5% in Q3 over the previous quarter according to preliminary data released by the National Statistics Office (INE) on 30 October. The expansion, which matched the estimate reported in the Bank of Spain’s Quarterly Report from 23 October, followed the 0.6% expansion recorded in Q2. The Q2 print had marked the largest expansion since Q4 2007.
On an annual basis, GDP expanded 1.6% in Q3, which represented an improvement over the 1.3% increase recorded in the previous quarter and represented the largest expansion since Q2 2008. The National Statistics Office (INE) will release more detailed data on 27 November.