Spain Q2 GDP growth revised to 1.1% q/q from 2.8%, INE says

September 23, 2021

(Reuters) – The Spanish economy grew a much slower 1.1% in the second quarter from the previous one, National Statistics Institute (INE) said on Thursday, revising the data from 2.8% announced three months ago.

The INE also revised the year-on-year growth in the second quarter to 17.5% down from 19.8%.

The Spanish economy had contracted 0.4% in the first quarter of 2021 compared with the fourth one in 2020 and 4.2% compared to the first quarter of 2020.

(Reporting by Joao Manuel Mauricio in Gdansk, editing by Inti Landauro)

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