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Spain Q2 GDP growth revised to 1.1% q/q from 2.8%, INE says By Reuters

by Mike Robinson

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(Reuters) – The Spanish economy grew a much slower 1.1% in the second quarter from the previous one, National Statistics Institute (INE) said on Thursday, revising the data from 2.8% announced three months ago.

The INE revised the quarter-on-quarter growth to 17.5% from 19.8%.

Spanish economic activity contracted by 0.4% in quarter one of 2021, compared with quarter four in 2020. The economy also experienced a contraction of 4.2% in quarter two of 2020.

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