INE raises economic growth to 1.5% in the second quarter

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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.



Source: www.publico.es

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