MADRID, 28 Oct. (EUROPA PRESS) -

The Spanish economy slowed down its quarterly growth by more than one point between July and September, down to 0.2%, compared to 1.5% in the previous quarter, due, above all, to the moderation in the growth of investment and of household consumption, according to the advance of National Accounting data published this Friday by the National Institute of Statistics (INE).

Thus, the agency estimates that household consumption increased by 1.1% in the third quarter, one tenth less than in the previous quarter, while the consumption of non-profit institutions fell by 0.2%, compared to to the growth of 0.5% in the previous quarter.

Public spending, for its part, increased by 0.6% between July and September, returning to positive rates after three consecutive quarters of declines.

Investment, for its part, slowed its quarterly growth by almost two points, from 2.5% in the second quarter to 0.6% in the third.

According to advance data from the INE, year-on-year GDP growth moderated three points in the third quarter, from 6.8% to 3%, as a result of a lower contribution from both the foreign sector and domestic demand.

Specifically, external demand contributed three points to year-on-year GDP in the third quarter, a figure 1.9 points lower than that of the previous quarter, while national demand contributed eight tenths, 1.1 points less than in the second quarter.

Statistics has explained that the advance of data for this third quarter has been made from statistical indicators that offered results until August, although some estimates of indicators referring to the month of September have been incorporated, based on administrative data and other additional sources.

However, it warns that future revisions of the data for the third quarter could be larger than usual due to the economic context and the "sudden" changes that are currently being experienced.