Latest data released by the National Statistics Institute - 30 April 2019
- Prior (Q4) +0.6%
- Preliminary GDP +2.4% vs +2.3% y/y expected
- Prior +2.3%
Decent growth figures coming out of Spain as it once again remains the sole bright spot in the euro area. The beat here also shows the divergence between the periphery nations in the region with Italy struggling and puts emphasis that Italy's woes aren't just driven solely by external factors but rather domestic ones.
