The Spanish economy slowed its quarterly growth by two points between January and March, down to 0.2%, one tenth less than expected, due to the slowdown in household consumption. It subtracts one tenth from the preliminary data advanced in April (0.3%) and is 2 points lower than the rise in GDP in the previous quarter (2.2%). The year-on-year GDP rises to 6.3% compared to the same quarter of 2021, although it is also one tenth below the data advanced in April.
National demand (consumption and investment) has subtracted 0.6 points from the GDP growth, while external demand (exports and imports) has contributed to growth with 0.8 points, according to National Accounts data published today by
