Financial News: Spain GDP Growth Steady At 0.8% As Estimated

Spain GDP Growth Steady At 0.8% As Estimated

03/26/2025 - 08:31:00 (RTTNews)

(RTTNews) - Spain's economy logged a steady growth as initially estimated in the fourth quarter, the statistical office INE said Wednesday.

Gross domestic product expanded 0.8 percent on a sequential basis, the same rate of growth as seen in the third quarter. The rate also matched preliminary estimate released on January 29.

On the expenditure-side, household final consumption expenditure moved up 1.0 percent and public administration expenditure by 0.3 percent. At the same time, gross capital formation increased 2.9 percent.

Exports of goods and services posted a quarter-on-quarter growth rate of 0.1 percent. Imports registered a robust growth of 1.4 percent.

On a yearly basis, the economy grew 3.4 percent compared to 3.3 percent expansion in the previous quarter. The fourth quarter rate was revised down from the initial estimate of 3.5 percent.

In 2024, GDP expanded 3.2 percent, as initially estimated, after rising 2.7 percent in 2023, data showed.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Italy Trade Surplus Shrinks In February (18 min(s), 26 sec(s) ago)
(RTTNews) - Italy's foreign trade surplus decreased in February from a year ago as imports gre ...Full Story»

Moldova Producer Price Inflation Rises To 4.7% (01 hr(s), 05 min(s), 26 sec(s) ago)
(RTTNews) - Moldova's producer prices increased for the third straight month in March and at a ...Full Story»

Malaysia Economic Growth Eases, Trade Surplus Grows (02 hr(s), 15 min(s), 26 sec(s) ago)
(RTTNews) - Malaysian economic growth eased further in the first quarter of 2025 amid a contractio ...Full Story»

Japan Nationwide Inflation Climbs 3.6% On Year In March (27 min(s), 34 sec(s) ago)
(RTTNews) - Overall consumer prices in Japan were up 3.6 percent on year in March, the Ministry of ...Full Story»

Japan Inflation Data Due On Friday (53 min(s), 34 sec(s) ago)
(RTTNews) - Japan will on Friday release March figures for national consumer prices, highlighting ...Full Story»

Treasury Reveals Details Of Two-Year, Five-Year & Seven-Year Note Auctions (41 min(s), 34 sec(s) ago)
(RTTNews) - The Treasury Department on Thursday revealed the details of this month's auctions ...Full Story»

ECB Cuts Interest Rates By 25 Bps Again Amid 'Exceptional Uncertainty' (11 min(s), 34 sec(s) ago)
(RTTNews) - The European Central Bank slashed its key interest rates by a quarter basis point on T ...Full Story»

Philly Fed Index Plummets To Two-Year Low In April (12 min(s), 34 sec(s) ago)
(RTTNews) - The Federal Reserve Bank of Philadelphia released a report on Thursday showing a steep ...Full Story»