Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Economy of Spain shrinks 0.6 pct in Q4 2012

Source: Reuters - Wed 23rd Jan 2013
Economy of Spain shrinks 0.6 pct in Q4 2012

The Bank of Spain said on Wednesday it saw Spanish gross domestic product (GDP) shrink 0.6% in Q4 from a quarter earlier, compared to a contraction of 0.3% between July and September.

The economy contracted 1.7% in Q4 compared to a year earlier, the central bank said after falling 1.6% year-on-year in Q3.

The Spanish economy shrank 1.3% in 2012 year-on-year after growing 0.4% a year earlier, the Bank of Spain said in its monthly economic report.

Official preliminary GDP data will be published by the National Statistics Institute (INE) on Jan. 30.