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MNI (London)
SPAIN DATA: Flash GDP (Q3 2019) Preview - 0800GMT 31/10/19
- Bloomberg Consensus: 0.4% q/q, 2.0% y/y; Prev (Q2): 0.4% q/q, 2.0% y/y 
- Markets expect quarterly growth to maintain its Q2 pace, showing a strong
expansion of the Spanish economy 
- Indeed, Spain continues to more-than-outperform its 'Big 4' peers. 
- The unemployment rate continues to decline and improving incomes should
provide support for household spending growth in the coming months 
- While industrial production revealed a four-month high in Aug, retail sales
moved sideways in Q3 
- Fwd-looking survey evidence provides mixed signals: 
- While the services PMI signalled a further expansion in business activity in
the sector, the manufacturing PMI shifted further into contraction.
MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

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