Spain Growth Speeds Up as Consumer, Government Spending Rise

Growth gained momentum in the first quarter in Spain, the euro area’s fourth-largest economy, as household and government spending increased.

Gross domestic product increased 0.4 percent in the first quarter from the previous three months, the National Statistics Institute in Madrid said today, confirming its April 30 first estimate. That marked an acceleration from 0.2 percent in the fourth quarter of 2013.