Spain's GDP Growth Improves In Q2

Spain’s economic growth continued to accelerate in the second quarter, preliminary data from the statistical office INE showed Thursday.

Gross domestic product advanced 1 percent sequentially in the second quarter, faster than the 0.9 percent growth logged in the first quarter and 0.7 percent seen in the fourth quarter of 2014.

This was the eighth consecutive increase and matched economists’ expectations.

Year-on-year, growth accelerated to 3.1 percent from 2.7 percent in the first quarter. But it was slightly below the expected growth of 3.2 percent.

The material has been provided by InstaForex Company – www.instaforex.com

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