Spain: New data confirm that Spain has exited recession

GDP expanded a seasonally-adjusted 0.1% over the previous quarter in Q3, according to more complete data released by the National Statistics Office (INE) on 28 November. The print, which matched the advance estimate published on 30 October, contrasted the 0.1% decline recorded in Q2. The Q3 increase marks the first expansion in GDP output since Q1 2011. On an annual basis, GDP fell 1.1% over the same quarter last year, which was an improvement over the 1.6% decline recorded in Q2.

Read more about Spanish GDP.

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