During the first quarter of 2018, Spain's GDP showed a slowdown in its year-over-year growth rate with respect to the previous quarter of 0.27 p.p., standing at 2.82%. GDP lower growth was explained by the slowdown in domestic demand, which fell by 0.20 percentage points with respect to 4Q17, to 3.12%. The unemployment rate increased by 0.19 percentage points to 16.74%, while the year-over-year growth rate of employment slowed by 0.29 p.p. from the previous quarter to 2.36%. Inflation fell from the previous quarter to 0.95%. With respect to the exchange rate, the euro appreciated against the dollar, with the exchange rate at 1.23 $/€ in the first quarter of the year.
For more information, click here to access the executive document in pdf (only avalaible in Spanish).
© GMS Management Solutions, S.L., 2019. 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.