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GDP in Spain 2nd Quarter 2018

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GDP in Spain 2nd Quarter 2018

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The Spanish Institute of Statistics have published the provisional Gross Domestic Product figures for the second quarter of 2018.

Key Points

The GDP in Spain registered a growth of 0.6% in the second quarter of 2018 compared to the previous quarter in terms of volume.

This rate is one tenth lower than that registered in the first quarter of the year.

The growth compared to the same quarter of the previous year stands at 2.7%, compared to 3.0% in the previous quarter.

The contribution of national demand to the annual growth of GDP is 2.9 points, one tenth higher than in the first quarter.

On the other hand, the external demand presents a contribution of -0.2 points, four tenths lower than that of the last quarter.

The GDP deflator increases 0.7% with respect to the same quarter of the previous year, 6 tenths less than in the previous quarter.

The employment of the economy, in terms of full-time equivalent jobs, registered a variation of 0.8% with respect to the previous quarter, three tenths higher than that registered in the first quarter.

In year-on-year terms, employment increased at a rate of 2.5%, one tenth less than in the first quarter, which represents an increase of 448 thousand full-time equivalent jobs in a year.

The annual variation of the unit labor cost stands at 0.6% this quarter. Read more

 

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