Spain: Recent data corroborate strongest GDP expansion since Q4 2007
July 30, 2014
GDP expanded a seasonally-adjusted 0.6% over the previous quarter in Q2 according to preliminary data released by the National Statistics Office (INE) on 30 July. The expansion, which overshot the 0.5% increase reported in the Bank of Spain’s Quarterly Report on 23 July, followed the 0.4% expansion recorded in Q1. The Q2 print marked the largest expansion since Q4 2007.
On an annual basis, GDP expanded 1.2% in Q2, which followed the 0.5% 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 28 August.