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

  • Latest data released by INES - 28 April 2023
  • Prior +0.2%

The Spanish economy outperformed expectations in Q1 despite higher rates weighing on consumption during the quarter. This continues to reaffirm that the euro area economy did hold up better than anticipated in the first three months of the year.

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