Bank of Spain says GDP grew by 0.3 pct in Q4 2013

MADRID Thu Jan 23, 2014 4:14am EST

MADRID Jan 23 (Reuters) - The Spanish economy grew by 0.3 percent in the fourth quarter from a quarter earlier, the Bank of Spain said on Thursday, the second quarter of expansion after over two years of recession.

The central bank also said Gross Domestic Product shrank 1.2 percent in 2013 from a year earlier. Both figures are in line with government estimates made public last week.

Official preliminary data from the National Statistics Institute is due January 30 while the final figure will be published February 27.

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Comments (1)
mugsy wrote:
This is one of a number of upbeat reports on the Spanish economy today and yesterday……despite the fact that loan defaults for Spanish banks just reported an all time high of 13.1% and unemployment reached its all time high of 26%+….

Jan 23, 2014 2:28pm EST  --  Report as abuse
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