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Spain’s Q3 GDP quarterly growth confirmed at 0.8% – final data
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(Reuters) – Spain’s gross domestic product grew 0.8% in the third quarter, the country’s National Statistics Institute (INE) said on Monday, confirming the expectations of analysts polled by Reuters and the preliminary reading.
(Reuters) – Spain’s gross domestic product grew 0.8% in the third quarter, the country’s National Statistics Institute (INE) said on Monday, confirming the expectations of analysts polled by Reuters and the preliminary reading.
On an annual basis, Spain’s third-quarter economic output expanded 3.3%, a downwards revision from the preliminary reading of 3.4%, INE said. Analysts had expected a 3.4% growth, according to the Reuters poll.
(Reporting by Tiago Brandao; Editing by David Latona)
Economic growth refers to the increase in the production of goods and services in an economy over a period of time, typically measured as the percentage increase in real GDP.
Annual economic output is the total value of all goods and services produced in a year, which helps gauge the economic performance of a country.
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