Spain | GDP growth remained at 0.6% during Q3, below expectations

Summary

The Spanish economy grew 0.6% QoQ (2.5% YoY) in Q3. Domestic demand explained the entire advance (0.8 pp QoQ; 3.0 pp YoY), thanks to the gain in traction of consumption and investment. On the other hand, the contribution of external demand was negative (-0.2 pp QoQ; -0.5 pp YoY), as trade flows overall fell back again.

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