MNI: SPAIN DATA: Flash GDP (Q2 2019) Preview -.......>

MNI: SPAIN DATA: Flash GDP (Q2 2019) Preview - 08:00 BST

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- Bloomberg Consensus: 0.6% q/q, 2.3% y/y; Prev (Q1): 0.7% q/q, 2.4% y/y

- While the Spanish economy is expected to decelerate slightly in Q2, it is

nonetheless set to have registered another strong expansion

- Indeed, Spain continues to more-than-outperform its Big 4 peers, as it

benefits from past structural reforms and catch-up growth potential

- Continued employment gains and gradually improving incomes should keep

household spending growth at healthy levels over the rest of the year

- Business activity is also buoyant - although the Manufacturing PMI survey

indicates slower momentum in the sector, hard data suggests that industrial

production continued to grow over the quarter

- And while the Services PMI also moderated, it remains at fairly robust levels

- Although the current political stalemate does not yet appear to have affected

the Spanish economy, if it lasts for much longer, there could start to be some

signs of weaker consumption & investment