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Spain's Economic Growth Rises As Estimated In Q1

Thu 25th May 2017
Spain's Economic Growth Rises As Estimated In Q1

Spain's economic growth improved slightly, as estimated, in Q1, final data from the statistical office INE showed Thursday.

Gross domestic product grew 0.8% sequentially in Q1, in line with preliminary estimate. The pace of expansion accelerated from 0.7% seen in Q4 of 2016.

On the expenditure-side, household spending climbed at a slower pace of 0.4%. Meanwhile, investment growth accelerated to 2.0% from 0.5%.

Exports advanced at a pace of 4.0%, faster than the 2.0% increase in Q4.

Likewise, imports rose 3.8% versus 1.8% in the prior period.

On a yearly basis, GDP growth held steady at 3.0% in the Q1.

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* Revenue generated overseas by Spanish companies reaches record high

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