Spain GDP Growth Rate Confirmed at 0.7% in Q2

2026-09-25 07:41 By Joana Taborda 1 min. read

The Spanish economy expanded 0.7% qoq in Q2 2026, slightly faster than the 0.6% growth in Q1 and in line with the preliminary estimate.

Domestic demand contributed 1.1 percentage points to growth, while external demand made a negative contribution of 0.5 percentage points.

Both household spending (0.7% vs 0.6% in Q1) and gross fixed capital formation (1.4% vs 1%) expanded at a faster pace while growth steadied for public expenditure (0.5% vs 0.5%).

Meanwhile, both exports (1% vs 0.9%) and imports (2.6% vs 0%) increased at a faster pace.

On the production side, all major sectors recorded growth except for agriculture, forestry and fishing (-0.1% vs 4.2%).

Industry grew 0.7% (vs 0.5%), services expanded 0.7%, the same as in Q1 and construction rebounded (1% vs -0.3%).

Year-on-year, the economy grew 2.6%, the same as a downwardly revised 2.6% in Q1 and below a preliminary of 2.7%.

The OECD recently revised its forecast for GDP growth in 2026 to 2.6%, matching the government's projection.



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Spain GDP Growth Rate Confirmed at 0.7% in Q2
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