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Spain's GDP growth improves as estimated

Staff Writer | August 24, 2017
Spain's economic growth improved as initially estimated in the second quarter, final data from INE showed.
Spain's GDP growth improves
Europe   Government spending gained only 0.2% in Spain
Gross domestic product grew 0.9% sequentially in the second quarter, slightly faster than the 0.8% increase in the first quarter.

The sequential growth matched preliminary estimate released on July 28.

Household spending grew 0.7%, faster than the 0.4% increase seen a quarter ago.

Government spending gained only 0.2%.

Meanwhile, growth in gross fixed capital formation eased to 0.8% from 2.1%. Exports of goods and services gained 0.7%, while imports of goods and services fell 0.2%.

On a yearly basis, economic growth improved to 3.1% from 3% a quarter ago. The annual rate also matched preliminary estimate.