February 3, 2023

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Spain Q3 GDP expands 0.1% q/q, 4.4% y/y, INE final data shows By Reuters

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

(Reuters) – The Spanish economy expanded 0.1% in the third quarter, slowing from a 1.5% growth rate in the previous three-month period, the National Statistics Institute (INE) said on Friday.

The GDP data for the third quarter was revised from a preliminary 0.2% growth announced two months ago, official data showed.

The revised year-on-year growth in the third quarter was 4.4%, up from the preliminary figure of 3.8%, INE said.

The INE also revised quarterly GDP data for the second quarter to a 2.0% expansion from a previous expansion of 1.5% and the yearly GDP figure for the same quarter to 7.6% growth from a previous 6.8% growth.