Spain Q2 GDP up 0.9 pct from Q1; up 4.0 pct yr-on-yr

Aug 29, 2007 - Spain's GDP grew 0.9 pct in the second quarter from the first and was up 4.0 pct from a year earlier, the National Statistics Institute (INE) said.

The quarterly figure is slightly above the preliminary figure of 0.8 pct, while the annual figure is in line. Both figures are below the first quarter, when GDP expanded at a quarterly rate of 1.0 pct and an annual rate of 4.1 pct.

In a statement, INE said domestic demand contributed 4.9 percentage points to GDP growth in the second quarter, below the 5.0 pct registered in the first, while the negative contribution from the external sector remained unchanged at 0.9 pct.