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

MNI: SPAIN DATA: Flash GDP (Q1 2019) Review

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- Spanish GDP growth accelerated to 0.7% q/q in Q1 from 0.6% in Q4, beating

market expectations for the pace of expansion to remain unchanged

- On the year, growth climbed to 2.4%, up 0.1pp on Q4 

- Household consumption grew by 0.3% q/q after a 0.4% rise in Q4

- Government spending was up 0.4% q/q, in line with Q4

- Business investment rose by a robust 1.5% q/q after a 0.2% decline in Q4

- While exports fell by 0.5% q/q, imports were down by 1.1%, resulting in a

positive contribution from net trade

- Spain's economic growth has continued to outperform that of its Big 4 peers as

it enjoys robust catch-up growth driven by past structural reforms