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The Spanish statistical office INE released its final gross domestic product (GDP) for Spain. Spain's economy expanded 0.8% the third quarter, in line with the preliminary reading, after a 1.0% growth in the second quarter. It was the ninth consecutive increase.
On a yearly, GDP grew 3.4% in the third quarter, in line with the preliminary reading, after a 3.1% in the second quarter. It was the fastest growth since the fourth quarter of 2007.
Household spending climbed 1% in the third quarter, general government spending rose by 0.9%, while investment increased 1.1%.
Exports were up 2.8% in the third quarter, while imports jumped 4%.
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