The Spanish economy recorded growth of 0.8% in the third quarter, placing the rate of growth over one year at 3.4%according to data from the National Institute of Statistics (INE), which published provisional Gross Domestic Product (GDP) data this Wednesday. This growth is same as previous quarterduring which it increased by another 0.8%.
Thus, annual growth accelerates to 3.4%, two tenths more than the previous quarter, the highest rate in a year and a half.
In its usual assessment, the Ministry of Economy, Trade and Enterprise highlighted that these figures are supported by the contribution of private consumption, with growth of 2.8% over one year, and by the gain purchasing power of workers, which is increasing. increased by more than one point last year, in addition to the positive evolution of employment.
The department headed by Carlos Body also highlighted that this growth is also accompanied by the control of inflation, which in October fell to 1.8%, and that underlying inflation stands at 2.5 %, close to the European Central’s objective of 2%. Bank.
“The data we learned today reflects the strength and balanced growth of the Spanish economy, which is corroborated day by day by the main national and international organizations,” the ministry said.
