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MNI: SPAIN DATA: Flash GDP (Q1 2019).................>

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MNI: SPAIN DATA: Flash GDP (Q1 2019)
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- Spanish GDP growth decelerated to 0.5% q/q in Q2 from 0.7% in Q1, slightly
undershooting market expectations of a more moderate 0.1pp slowdown
- This left the annual growth rate at 2.3%, down from 2.4% in Q1
- Household consumption grew by 0.3% q/q after a 0.4% rise in Q1
- Government spending growth decelerated to 0.2% q/q, half its pace of growth in
the previous quarter
- Gross fixed capital formation (business investment) growth turned negative in
the first quarter (-0.2% q/q) after having surged by 1.4% q/q in Q1
- While imports saw their first quarterly gain (+1.0% q/q) in four quarters...
- ... this was outpaced by a robust 1.8% q/q expansion in exports... 
- ... resulting in a positive contribution to GDP growth from net trade

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