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2025-10-29 16:17:08
[Spain's Q3 Economic Growth Meets Expectations] ⑴ Preliminary data shows that Spain's economy grew by 0.6% quarter-on-quarter in the three months ending September 2025, a slowdown from the previous month's 0.8%, in line with market expectations. ⑵ Domestic demand was the main driver of growth, contributing 1.2 percentage points, while external demand dragged it down by 0.6 percentage points. ⑶ In terms of demand components, household consumption grew by 1.2%, government spending by 1.1%, and investment expanded by 1.7%. ⑷ Exports of goods and services declined by 0.6%, while imports grew by 1.1%. ⑸ On the supply side, industrial output grew by 0.5%, with manufacturing leading the way at 0.6%. ⑹ Construction and service sector activity both grew by 0.8%, while the primary sector contracted by 0.4%. ⑺ On an annualized basis, GDP grew by 2.8%, slightly lower than the 3.1% in the second quarter, but close to the market expectation of 3.0%.
