MADRID, 23 Dic. (EUROPA PRESS) -

The Spanish economy slowed down its quarterly growth by almost two points between July and September, reaching 0.1%, compared to 2% in the previous quarter, due, above all, to the slowdown in investment and the moderation in household consumption , according to the National Accounts published this Friday by the National Institute of Statistics (INE).

This growth of 0.1% is one tenth lower than that advanced on October 28, when the INE estimated a quarterly increase in GDP of 0.2%.

However, the growth of the Spanish economy in the interannual rate that was advanced on October 28, of 3.8%, has been revised upwards by six tenths, up to 4.4%. This rate, however, contrasts with the growth of 7.6% in the second quarter of the year.

Statistics explains that in the advance data for the third quarter, most of the statistical indicators on recent economic developments offered results up to August.

However, the results that are published this Friday already incorporate all the statistical indicators that mark the economic evolution of the third quarter, "whose information already covers, in the vast majority of cases, the whole of it," he specifies.

The quarterly growth of 0.1% registered in the third quarter is due to the slowdown in household consumption, since it only increased by 0.1%, which is 1.6 points less than in the previous quarter.

On the other hand, the consumption of non-profit institutions increased by 0.9%, compared to the growth of 0.5% of the previous quarter, while public spending, for its part, shot up by 1.4% between July and September, returning to positive rates after three consecutive quarters of declines.

Investment, for its part, fell by 0.1% in the third quarter, compared to the increase of 2.9% in the previous quarter.