Free Trial

Spanish GDP Rose in Q2

SPAIN DATA
MNI (London)

SPAIN Q2 FLASH GDP +2.8% Q/Q SA, +19.8% Y/Y WDA

SPAIN Q1 GDP UNREVISED -0.4% Q/Q; -4.2% Y/Y

  • Spanish economic growth increased by to 2.8% in Q2, beating market expectations looking for an uptick by 2.2%.
  • The second quarter was characterized by falling infection rates, a loosening restrictions and progress in vaccinations, which boosted economic activity.
  • The annual rate surged by 19.8% in Q2 after recording -4.2% in the previous quarter and reflecting the sharp fall in Q2 2020.
  • Q1 growth was unrevised at -0.4% Q/Q and -4.2% Y/Y.
  • Household consumption rose markedly by 6.6% in Q2 after falling by 0.4% in Q1, reflecting the reopening of the economy.

Source: INE

MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.