During the third quarter of 2019, the year-over-year growth of Spanish GDP decreased by 0.07 p.p. to 1.96%. In the labor market, the unemployment rate decreased by 0.10 p.p. compared to the previous quarter, to 13.92%. On the other hand, employment registered a year-over-year growth of 1.77% during this quarter, 0.61 p.p. lower than in 2Q19. In terms of prices, inflation stood at 0.30%, after a quarterly decline of 0.60 p.p. Regarding the exchange rate, the euro appreciated against the dollar in 3Q19, standing at an average rate of 1.11 $/€.
For more information, click here to access the executive document in pdf (only avalaible in Spanish).
© GMS Management Solutions, S.L., 2020. All rights reserved. The information contained on this publication is of a general nature and does not constitute a professional opinion or an advisory service. The data used in this publication come from public sources. GMS Management Solutions, SL assumes no liability for the veracity or accuracy of such data.