Spain | GDP grew again in the third quarter of the year (2.0% quarter-on-quarter)

Summary

The economy showed less dynamism than expected. Private consumption and housing drained growth, while productive investment and external demand added. Hours worked barely grew, so most of the improvement in activity is attributable to productivity

Key points

• Key points:
• Recovery gained traction in the third quarter, although less than expected
• External demand accounted for most of the growth
• Household consumption and housing limited the advance of activity
• Most of the improvement in activity performance is attributable to productivity

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