MADRID, 30 Abr. (EUROPA PRESS) -

The Spanish economy grew by 0.7% in the first quarter of the year, the same as in the previous quarter, and accelerated its year-on-year growth by three tenths, up to 2.4%, according to the National Accounting data preview published this Tuesday. by the National Institute of Statistics (INE).

National demand contributed 2.2 points to the year-on-year GDP growth, while external demand contributed two tenths. For its part, the quarterly GDP growth of 0.7% was fundamentally based on the foreign sector, which accounted for five of seven tenths.

During the first quarter of the year, household consumption grew by 0.3%, the same as in the previous quarter, while public spending contracted by 1%, showing its first negative quarterly rate since the second quarter of 2022.

Investment, for its part, increased 2.6% between January and March after two negative quarters.