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INE raises economic growth to 1.5% in the second quarter

Date: October 2, 2022 Time: 18:41:03

National Statistical InstituteINE) puts economic growth in the second quarter of the year at 1.5% above the previous period. The institution forecasts growth of 1.1% in July, but the increase in exports led to an upward revision of four tenths.

Demand in Spain increased gross domestic product (GDP) 0.6% for its contribution to consumption and domestic investment. International demand contributed the remaining 0.9 percentage points, which is in line with the calculation of exports and imports.

Exports rose by 4.9% in the second quarter, making them the backbone of the Spanish economy’s growth. For its part, the recovery in household consumption increased by 1.2%, less than half of the July INE estimate.

There will be an extension.

Source: www.publico.es

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