Spain Q1 preliminary GDP +0.3% vs +0.5% q/q expected

• Prior +2.2%
• GDP +6.4% vs +6.5% y/y expected
• Prior +5.5%

The Spanish economy posted a slight growth in Q1 but less than anticipated as higher costs and the Russia-Ukraine conflict weighed on overall activity. That's a less than ideal look for the euro area economy so far with French numbers also disappointing earlier.