MADRID, 28 Abr. (EUROPA PRESS) -
The Spanish economy grew by 0.5% in the first quarter of the year, one tenth more than in the previous quarter, thanks to the advance in investment and exports, since household consumption contracted by 1.3% and public spending fell by 1.6%.
In year-on-year terms, GDP stepped on the accelerator even more and raised its growth by nine tenths, from 2.9% to 3.8%, according to the advance of National Accounts data published this Friday by the National Institute of Statistics (INE). .
The Ministry of Economic Affairs has highlighted that this acceleration in GDP has been due to the boost in exports and investment and has occurred "in an international context of great uncertainty", marked by the consequences of Russia's war in Ukraine, which which shows, in his opinion, the "great solidity and resilience" of the Spanish economy.
Likewise, the Department headed by Nadia Calviño has stressed that Spain "has practically reached the level of GDP prior to the pandemic", the only indicator pending recovery.
According to data provided by Statistics, national demand contributed 1.3 points to year-on-year GDP growth in the first quarter, a figure three tenths higher than that of the previous quarter, while external demand contributed 2.5 points, six tenths more. .
In quarterly terms, the Spanish economy grew by 0.5%, one tenth more than in the internal quarter,
The INE advance data is prepared with the information available up to February in most cases, although it has also included estimates of indicators for the month of March based on administrative data and other additional sources.