Earlier the Bank of Spain raised their 2014 GDP forecast to 1.3% from 1.2% and 2015 to 2.0% from 1.7%.
They also said in their monthly bulletin that Q2 growth had likely hit 0.5% q/q from 0.4% in Q1
Exports are expected to rise to a positive 1.7% from -0.4% in Q1 and imports fall to 1.3% from 1.5%