Spain's GDP growth improves as estimatedStaff Writer | August 24, 2017
Spain's economic growth improved as initially estimated in the second quarter, final data from INE showed.
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. ■