Inflation & Prices
Spanish Growth Slows as Inflation Unexpectedly Speeds Up
- Second-quarter GDP up 0.4%, in line with median economist est.
- Inflation accelerates in July to 2.1% from 1.6% in June
Shoppers and commuters in Madrid, Spain.
Photographer: Manaure Quintero/BloombergThis article is for subscribers only.
Spanish growth slowed slightly in the second quarter and inflation unexpectedly picked up in July as the economy faces months of uncertainty while the country’s main political parties battle to form a government after Sunday’s tightly contested election.
Quarterly output rose 0.4%, supported by rising household demand, according to data from national statistics institute INE released on Friday. That’s in line with the median forecast of economists surveyed by Bloomberg and down from a revised 0.5% increase in gross domestic product in the previous three months.