• Spain’s economy expands 0.8% the fourth quarter

Noticias del mercado

25 febrero 2016

Spain’s economy expands 0.8% the fourth quarter

The Spanish statistical office INE released its final gross domestic product (GDP) for Spain on Thursday. Spain's economy expanded 0.8% the fourth quarter, in line with the preliminary reading, after a 0.8% growth in the third quarter. It was the tenth consecutive increase.

The increase was driven by a rise in household spending.

On a yearly, GDP grew 3.5% in the fourth quarter, in line with the preliminary reading, in line with the preliminary reading, after a 3.4% in the third quarter. It was the fastest growth since the fourth quarter of 2007.

In 2015 as whole, Spain's economy expanded 3.2%, in line with the preliminary reading.

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