Spain Q2 preliminary GDP +1.1% vs +0.4% q/q expected

  • Latest data released by the National Statistics Institute - 29 July 2022
  • Prior +0.2%
  • GDP +6.3% vs +5.5% y/y expected
  • Prior +6.3%

Solid numbers out of Spain as the economy expanded faster than expected. They are one of the less affected countries in the region by the whole Russia-Ukraine conflict but expect there to be a slowing of activity in Q3.

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