Reuters reports that Economy Minister Nadia Calvino said that Spanish economic indicators so far this year have given mixed signals on how the country's economy is performing.

"We're in the middle of a transition. We're at a moment of uncertainty and we always try to be prudent," she said.

The central bank on Tuesday said the Spanish economy will likely contract 0.4% in the first quarter due to the COVID-19 restrictions and lowered its growth figure for the full year.

"Indicators are mixed," Calvino said.