RTTNews reports that final data from the statistical office INE showed that Spain's economy rebounded from the recession in the third quarter but the pace of growth was slightly slower than the initial estimate.

Gross domestic product surged 16.4 percent sequentially, in contrast to a 17.9 percent fall in the second quarter and the 5.3 percent drop in the first quarter. The growth rate for the third quarter was revised down from 16.7 percent.

Year-on-year, GDP fell 9.0 percent after shrinking 21.5 percent in the preceding period. The initial estimate was -8.7 percent.