Date in Portugal
Clock Icon
Portugal Pulse: Portugal News / Expats Community / Turorial / Listing

Spain’s GDP growth accelerates to 0.7% in the 2nd quarter

The growth was sustained by internal demand, contributing 0.9 points, while the contribution from external demand (exports and imports) stood at 0.1 points, the lowest since the first quarter of 2021.

Business investment increased by 0.9 points in the second quarter, reaching 2.1%, while growth in housing, buildings, and construction investment slowed to 1.6%, compared to 2.4% in the first three months.

Household consumption rose by three-tenths to 0.8% in the second quarter.

The growth of exports slowed to 1.1%, six-tenths less than in the first quarter (1.7%).

Imports grew by 1.7% in the second quarter, two-tenths of a percentage point more than in the first quarter.

The Spanish Ministry of Economy, Trade, and Business stated that the data reflects that “Spain continues to lead growth among the major economies of the eurozone and will once again be the fastest-growing in 2025.”

Leave a Reply

Here you can search for anything you want

Everything that is hot also happens in our social networks