The Spanish activity points to the same, at least at the level of great magnitudes. The economy grew by 0.7% between April and June, according to the data published on Tuesday by the National Statistics Institute (INE), pushed by household consumption and investment, and despite the uncertainty fired and the wear and tear of the international landscape. Its progress rhythm thus recovers a tenth with respect to when GDP rebounded 0.6%. However, the economy chains eight consecutive increases at rates of 0.6% or higher.
Growth is 2.8% if compared to the same quarter of a year ago. The data confirms the solid march of the Spanish activity, which not only stands out as the great economy of the euro that grows the most: it does it against the countercurrent with respect to its community counterparts. While the largest countries of the euro are re -requested, in internal model crises and shaken by international tensions, national activity resists. Nor are great blows, at least direct, because it establishes the imposition of a 15% tariff on most community exports to the US.
As in the first quarter, also between April and June the great economic growth engine was national demand, which contributed 0.9 points to growth. The consumption of households threw from the activity, in turn driven by the firm evolution of employment. After linking a record after another, the labor market achieved another milestone in the second quarter of the year: it first exceeded 22 million workers, according to the. The unemployment rate, the other side of the currency, fell to its lowest figure in 2008 (10.29%), although it remains at an elevated level for European standards.
Thus, the consumption of families grew at a rate of 0.8%, a fact “that reflects the strength of the labor market and the increase in purchasing power” of households, as valued by the Ministry of Economy.
The other leg that explains the rebound is the investment of the companies, with an advance in equipment of 2.1% and under construction of 1.5%.
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