Indicators
Spanish Growth Slows as Tourism Can’t Offset Investment Fall
- Third-quarter GDP rose 0.3% from previous quarter; est. 0.2%
- Spain has been among Europe’s best performers since pandemic
Tourists queue to board a cruise boat at the port in O Grove, Spain.
Photographer: Brais Lorenzo/BloombergThis article is for subscribers only.
Spain’s economy slowed slightly in the third quarter, as a drop in investment offset a boom in tourism.
Gross domestic product rose 0.3% from the previous three months, according to data published Friday by the INE statistics agency. That’s down from 0.4% in the second quarter but more than the 0.2% median estimate in a Bloomberg survey of analysts.