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Spain's Economic Growth Edges Down to 0.6% in Third Quarter

Oct 30 (Reuters) - Spain's economic growth edged down to 0.6% in the third ​quarter after a 0.7% expansion ‌in the previous three-month period, preliminary data from the National Statistics Institute showed ​on Friday.

The growth was ​in line with the average forecast ⁠of analysts polled by LSEG.

On ​an annual basis, Spain's gross domestic ​product expanded 2.7% in the quarter, also in line with analysts' estimates.

Earlier this month, ​Spain's central bank raised its economic ​growth forecast for this year and next, ‌citing ⁠strong private consumption and rising exports while warning of risks from high inflation, international conflicts and rising ​bond yields.

It ​said ⁠full-year growth in 2026 should reach 2.6%, the same ​expansion as in 2025 ​and ⁠above the June forecast of 2.3%.

In 2027, GDP is expected to expand ⁠by ​2.2%, above the ​previous forecast of 1.7%.

Reporting by Joao Manuel Mauricio ​in Gdansk; Editing by David Latona

Source: Reuters


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