Spain Q2 GDP confirmed at 0.7% as domestic demand keeps growth resilient - investingLive

The breakdown The final estimate confirms that the Spanish economy grew by 0.7% in the second quarter, accelerating slightly from 0.6% growth in Q1. Domestic demand remains the main engine of the economy, contributing 1.1% to quarterly GDP growth. By aggregate demand, household consumption increased by 1.2% and government consumption by 0.5%. Meanwhile, gross fixed capital formation registered a variation of 1.7%. External demand remains the weak spot, subtracting 0.5% from quarterly GDP growth as imports continued to outpace exports. What does the data measure? GDP measures the total value of goods and services produced in Spain. The quarterly reading offers the clearest broad measure of how quickly the economy is expanding or contracting.