He Growth of the Spanish economy has moderated in the first quarter of the yearaccording to the estimated reading of the Gross Domestic Product (GDP). The National Statistics Institute (INE) has announced a 0.6% variation in the first three months of 2025, below 0.7% of the fourth quarter of 2024. The market expected growth to remain at 0.7%.
At an annual level, GDP stood at 2.8%five tenths below the previous 3.3%.
According to the INE statement, the hours worked varied by 2.1% year -on -year compared to the previous 2.5% and employment in terms of full -time employed grew 2.9% compared to 2.2% of the preceding quarter.
Euro reaction
The euro has reacted to the inflation data of Spain, higher than expected, already those of GDP, slightly below the forecasts, with a rebound of almost 15 pips that has led him to the vicinity of 1,1400 against the dollar, although he continues to show daily losses. At the time of writing, the EUR/USD is quoted over 1,1392, losing 0.28% in what we have been working on.
Economic indicator
Gross Domestic Product – Dear (QOQ)
The GDP published by the National Statistics Institute It is an estimate of the total value of the goods and services produced in Spain. GDP is considered a measure of global economic activity and indicates the growth rate of the economy of a country. A reading superior to expectations is bullish for the euro, while a lower reading is bassist.
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Last publication:
Mar APR 29, 2025 07:00
Frequency:
Quarterly
Current:
0.6%
Dear:
0.7%
Previous:
0.8%
Fountain:
INE
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
