Spain's Q2 GDP Growth Steady At 0.8%

(RTTNews) - Spain's economic growth remained stable in the second quarter, final data from the statistical office INE showed Thursday.

Gross domestic product climbed 0.8 percent sequentially in the second quarter, instead of 0.7 percent estimated previously. Growth has been at 0.8 percent since the third quarter of 2015.

On a yearly basis, GDP growth eased to 3.2 percent, as initially estimated, from 3.4 percent in the first quarter.

On the expenditure-side, household spending rose 0.7 percent from prior quarter, while government spending declined 1.6 percent. Growth in fixed capital formation accelerated to 1.3 percent from 0.3 percent.

Exports of goods and services advanced 4.3 percent and imports climbed 2.7 percent.