Span­ish Eco­nomic Growth Eases Slightly

Iran News - - INTERNATIONAL -

MADRID (Dis­patches) - Spain’s gross do­mes­tic prod­uct ex­panded by 0.7% in the three months from Oc­to­ber to De­cem­ber on a quar­terly ba­sis, ac­cord­ing to pre­lim­i­nary data from the Na­tional Statis­tics In­sti­tute.

That was in line with econ­o­mists’ fore­casts, and down slightly from 0.8% reg­is­tered in the third quar­ter.

On an an­nual ba­sis the econ­omy grew by 3.1%, un­changed from a quar­ter ear­lier and just be­low econ­o­mists’ ex­pec­ta­tions which saw an­nual growth of 3.2% in a Reuters poll.

In 2017, the pre­lim­i­nary data showed the econ­omy grew by 3.1% from a year ear­lier, down from 3.3% in 2016.

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