Market Update: Spanish Flash GDP Registers Growth - Forex News by FX Leaders

Market Update: Spanish Flash GDP Registers Growth

Posted Tuesday, April 30, 2019 by
Arslan Butt • 1 min read

According to the National Statistics Institute report:

  • The Spanish GDP reported an expansion of 0.7% in the first quarter of 2019. Well, this rate is one tenth higher than the one recorded in the fourth quarter.
  • The year-on-year growth of GDP persists at 2.4%, one-tenth higher than that of the previous quarter.
  • The contribution of public demand to the yearly growth of GDP is 2.2 points, three tenths lower than that of the fourth quarter. On the other hand, external demand represents a contribution of 0.2 points, four tenths higher than the quarter past.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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