Spain's economy grew 0.8% in Q2 2023, with 3.1% year-on-year growth; inflation fell to 1.5%.

Spain's economy grew by 0.8% in Q2 2023, following a 0.9% rise in Q1, with a year-on-year growth of 3.1%. Household and government spending increased, while external demand also contributed positively. Inflation fell to 1.5% in September, the lowest in over three years, due to decreasing fuel, food, and electricity prices. Core inflation dropped to 2.4%. Despite positive growth, factors like rising consumer sentiment and potential cost increases could influence future inflation.

September 27, 2024
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