Financial News: Spain GDP Growth Confirmed At 0.6%

Spain GDP Growth Confirmed At 0.6%

06/25/2025 - 06:18:00 (RTTNews)

(RTTNews) - Spain's economic growth slowed in the first quarter, as estimated earlier, final data from the statistical office INE revealed on Wednesday.

Gross domestic product grew 0.6 percent sequentially in the first quarter. The rate matched the initial estimate and was slower than the 0.7 percent growth posted in the preceding quarter.

Moreover, this was the weakest expansion since the second quarter of 2023. On a yearly basis, economic growth eased to 2.8 percent, in line with estimate, from 3.3 percent in the fourth quarter of 2024.

On the expenditure-side, household spending increased 0.6 percent, while government spending dropped 0.4 percent. Gross capital formation was 0.9 percent higher than in the prior quarter. Exports and imports of goods and services gained 1.7 percent and 1.6 percent, respectively.

Another report from INE showed that producer prices remained flat in May after rising for seven straight months. Prices had increased 1.6 percent in April.

Among sub-sectors, only prices of capital goods increased from the last year, up 1.7 percent. Prices of consumer goods slid 1.6 percent and that of energy were down 0.4 percent. Intermediate goods prices fell 0.3 percent.

Month-on-month, producer prices slid 0.7 percent, marking the third consecutive decrease. However, this was much slower than the 3.2 percent fall seen in April.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Reaches Five-Month High In July (25 min(s), 04 sec(s) ago)
(RTTNews) - After reporting a substantial rebound by U.S. consumer sentiment in the previous month ...Full Story»

U.S. Housing Starts Rebound More Than Expected In June (26 min(s), 04 sec(s) ago)
(RTTNews) - New residential construction in the U.S. rebounded by more than expected in the month ...Full Story»

U.S. Housing Starts Surge 4.6% In June, More Than Expected (20 min(s), 04 sec(s) ago)
(RTTNews) - New residential construction in the U.S. rebounded by more than expected in the month ...Full Story»

Italy Current Account Surplus Grows In May (42 min(s), 56 sec(s) ago)
(RTTNews) - Italy's current account surplus increased in May from the previous year, the Bank ...Full Story»

Eurozone Construction Output Falls 1.7% (01 hr(s), 03 min(s), 56 sec(s) ago)
(RTTNews) - Eurozone construction output declined at the fastest pace in nearly two-and-a-half yea ...Full Story»

Eurozone Current Account Surplus Surges (01 hr(s), 17 min(s), 56 sec(s) ago)
(RTTNews) - The euro area current account surplus increased sharply in May largely due to the rise ...Full Story»

Italy Construction Output Falls 1.4% (02 hr(s), 59 min(s), 56 sec(s) ago)
(RTTNews) - Italy's construction output decreased in May after recovering in the previous mont ...Full Story»

Malaysia GDP Growth Improves In Q2 (03 hr(s), 40 min(s), 56 sec(s) ago)
(RTTNews) - Malaysia's economic growth improved in the second quarter driven by strong domesti ...Full Story»