Economic Indicators

Spain’s Q3 GDP expands 0.8% from previous quarter

2024.10.30 04:54

(Reuters) – The Spanish economy grew a faster-than-expected 0.8% in the third quarter from the previous three-month period, showing the same pace of expansion, preliminary data from the National Statistics Institute showed on Wednesday,

© Reuters. FILE PHOTO: Tourists walk along a shopping street in central Malaga, Spain, April 28, 2022. REUTERS/Jon Nazca/File Photo

Analysts polled by Reuters had expected GDP to grow 0.6% quarter-on-quarter in Spain, whose economy has been by far outperforming the euro zone’s as a whole.

On an annual basis, Spain’s third-quarter economic output expanded by 3.4%, above the average estimate of 3.0% in the Reuters poll, and accelerating slightly from a revised 3.2% in the preceding quarter.



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