Home Latest News The Catalan economy grew 3.8% year-on-year in the third quarter

The Catalan economy grew 3.8% year-on-year in the third quarter

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The Catalan economy grew 3.8% year-on-year in the third quarter

Catalonia’s gross domestic product (GDP) recorded year-on-year growth of 3.8% in the third quarter, four tenths above the Spanish economy as a wholeaccording to the advanced estimate published this Wednesday by the Statistics Institute of Catalonia (Idescat).

In quarterly terms, the evolution of the Catalan economy is 0.9%, compared to 0.8% for the Spanish economy, indicates Idescat, which attributes the growth to a positive evolution of all sectors, with a exceptional weight of services (4.4%, compared to 3.4% in the second quarter).

Hotels and restaurants, IT services, legal services and transportation services are some of the fastest growing areas in this sector.

The industry posted growth of 4.3% between July and September, lower than the 5.6% of the previous quarter; while construction increased by 2.9%, or three tenths less.

Agriculture continues its recovery which started this year and saw an increase of 14.4%, higher than the 10.8% recorded in the previous quarter.

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