Latest data released by the National Statistics Institute - 31 July 2019
- Prior (Q1) +0.7%
- GDP +2.3% vs +2.3% y/y expected
- Prior (Q1) +2.4%
The quarterly growth figure is a little weaker-than-expected but at least the annual growth figure comes in-line with estimates.
That said, this marks the weakest Spain quarterly growth since Q2 2014. Overall, economic growth in Spain remains modest but appears to not be immune to the much more pronounced slowdown seen elsewhere in the euro area.
