FOREX TradingCharts.com

Financial News: Spain Q2 GDP Shrinks More Than Expected

Spain Q2 GDP Shrinks More Than Expected

07/31/2020 - 05:59:00 (RTTNews)

(RTTNews) - Spain's economy contracted more than expected in the second quarter due to the coronavirus containment measures, flash data from the statistical office INE showed Friday.

Gross domestic product fell 18.5 percent on quarter, much larger than the 5.2 percent decrease posted in the first quarter. GDP was expected to shrink 16.6 percent.

On a yearly basis, GDP plunged 22.1 percent in contrast to a 4.1 percent drop in the first quarter. This was also bigger than economists' forecast of 19.7 percent decline.

The expenditure-side of GDP showed that household consumption plunged 21.2 percent sequentially, while government spending grew 0.4 percent. At the same time, gross fixed capital formation declined 21.9 percent.

Exports of goods and services declined sharply by 33.5 percent and imports were down 28.8 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Eurozone Investor Confidence Highest Since February - Sentix (06 hr(s), 16 min(s), 33 sec(s) ago)
(RTTNews) - Euro area investor confidence rose for a fourth straight month in August to its highes ...Full Story»

Latvia Consumer Prices Rise In July (06 hr(s), 49 min(s), 33 sec(s) ago)
(RTTNews) - Latvia's consumer prices rose for the first time in four months in July, figures f ...Full Story»

Sweden Household Consumption Falls In June (06 hr(s), 52 min(s), 33 sec(s) ago)
(RTTNews) - Sweden's household consumption declined in June, data from Statistics Sweden showe ...Full Story»

Slovakia Industrial Production Declines At Softer Pace In June (07 hr(s), 15 min(s), 33 sec(s) ago)
(RTTNews) - Slovakia industrial production declined at a softer pace in June as the slump in the t ...Full Story»

Turkish Jobless Rate Rises In May (07 hr(s), 16 min(s), 33 sec(s) ago)
(RTTNews) - Turkey's jobless rate rose in May, data from the Turkish Statistical Institute sho ...Full Story»

Romania Trade Deficit Widens In June (07 hr(s), 17 min(s), 33 sec(s) ago)
(RTTNews) - Romania's trade deficit increased in June as exports declined faster than imports, ...Full Story»

Norway Inflation Slows In July (08 hr(s), 19 min(s), 33 sec(s) ago)
(RTTNews) - Norway's consumer price inflation eased in July, data from Statistics Norway showe ...Full Story»

Denmark Inflation Rises In July (08 hr(s), 22 min(s), 33 sec(s) ago)
(RTTNews) - Denmark's consumer prices rose in July, data from Statistics Denmark showed on Mon ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Eurozone Investor Confidence Highest Since February - Sentix

08/10/2020 - 08:48 AM (RTTNews)
(RTTNews) - Euro area investor confidence rose for a fourth straight month in August to its highes ...Full Story>>

Latvia Consumer Prices Rise In July

08/10/2020 - 08:15 AM (RTTNews)
(RTTNews) - Latvia's consumer prices rose for the first time in four months in July, figures f ...Full Story>>

Sweden Household Consumption Falls In June

08/10/2020 - 08:12 AM (RTTNews)
(RTTNews) - Sweden's household consumption declined in June, data from Statistics Sweden showe ...Full Story>>

Slovakia Industrial Production Declines At Softer Pace In June

08/10/2020 - 07:49 AM (RTTNews)
(RTTNews) - Slovakia industrial production declined at a softer pace in June as the slump in the t ...Full Story>>

Turkish Jobless Rate Rises In May

08/10/2020 - 07:48 AM (RTTNews)
(RTTNews) - Turkey's jobless rate rose in May, data from the Turkish Statistical Institute sho ...Full Story>>

Do not sell my personal information

Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.