INE raises economic growth to 1.5% in the second quarter

0 16

Date: 23 Sep 2022 Time: 13:49:04

National Statistics InstituteINE) puts economic growth in the second quarter of the year at 1.5% over the previous period. The agency had forecast growth of 1.1% in July, but four-tenths of the increase was driven by a boost in exports.

Demand in Spain rose as Gross Domestic Product (GDP0.6% for contribution to consumption and domestic investment. International demand contributed the remaining 0.9 percentage points, accounting for exports and imports.

Exports rose 4.9% in the second quarter, making them the backbone of the Spanish economy’s growth. For its part, the recovery in household consumption rose by 1.2%, less than half of the July INE estimate.

There will be an extension.


*Translated based on article content If there is any problem regarding content, copyright, please make a report below the article. We will try to process as quickly as possible to protect the author’s rights. Thank you very much!

*We want to make information more quickly and easily available with other multilingual content, rather than only available in one specific language.

*We always respect the copyright of the author’s content and always include the original link to the original article. If the author disagrees, report below the article, the article will be edited or deleted at the request of the author. Thank you very much! Best wishes!

For all the latest news click here

Denial of responsibility! EODBA is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – at The content will be deleted within 24 hours.

Leave A Reply

Your email address will not be published.