Spain enjoys second quarter growth

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The Spanish economy grew by 1.5% between April and June, which is 0.4% better than the preliminary results indicated in July.

Exports went up by 4.9% – and sectors such as construction (up 2.5%), industry (+1.7%) and services (+1.6%) performed well.

Data from the national statistics institute (INE) also puts year-on-year growth of GDP at 6.8%, compared to 6.7% the previous quarter.

The growth in GDP is due to a higher contribution from the foreign sector, and to a lesser extent domestic demand.

Foreign demand accounted for 4.9% of year-on-year GDP, up 2.1% on the previous quarter, while national demand dropped from 3.8% to 1.9%.

Full report in Friday’s Costa Blanca News

Read more in this week’s print edition or go to e-paper

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