Spain's economy managed to register growth in the third quarter, according to preliminary data published by the country's National Statistics Institute (INE) on Wednesday.
For the first time since 2011, Spain's gross domestic product (GDP) registered quarterly growth, of 0.1% in this instance. This is the first growth in nine quarters and comes after the 0.1% contraction registered in the second quarter.
Year-on-year, the pace of contraction in GDP slowed to 1.2%, from the prior 1.6%.
INE noted that this was the "result of the negative impact of domestic demand which was compensated by the positive impact of external demand".
Spain is scheduled to report the full details on third quarter GDP on November 28th.
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For the first time since 2011, Spain's gross domestic product (GDP) registered quarterly growth, of 0.1% in this instance. This is the first growth in nine quarters and comes after the 0.1% contraction registered in the second quarter.
Year-on-year, the pace of contraction in GDP slowed to 1.2%, from the prior 1.6%.
INE noted that this was the "result of the negative impact of domestic demand which was compensated by the positive impact of external demand".
Spain is scheduled to report the full details on third quarter GDP on November 28th.
Livecharts
