Spanish economy grows 4pc over past 12 months

29th August 2007, Comments 0 comments

Spanish economy grows 4pc over past 12 months

29 August 2007

MADRID - The Spanish economy grew 0.9 percent in the second quarter compared with the first and expanded 4.0 percent over 12 months, official statistics showed on Wednesday.

The National Statistics Institute (INE) said the quarterly growth figure was slightly above a preliminary figure of 0.8 percent, while the 12-month figure was unchanged.

Both figures are below the first quarter, when economic growth expanded at a quarterly rate of 1.0 percent and an annual rate of 4.1 percent.

[Copyright AFP with Expatica]

Subject: Spanish news

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