Bank of Spain says economy shrank 0.6 pct on quarter in Q4

MADRID Wed Jan 23, 2013 4:13am EST

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MADRID Jan 23 (Reuters) - The Bank of Spain said on Wednesday it saw Spanish gross domestic product (GDP) shrink 0.6 percent in the fourth quarter from a quarter earlier, compared to a contraction of 0.3 percent in the July to September period.

The economy contracted 1.7 percent in the fourth quarter from a year earlier, the central bank said after falling 1.6 percent year-on-year in the third quarter.

The Spanish economy shrank 1.3 percent in 2012 year-on-year after growing 0.4 percent a year earlier, the Bank of Spain said in its monthly economic report.

Official preliminary GDP data will be published by the National Statistics Institute on Jan. 30.

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