GO
Loading...

Enter multiple symbols separated by commas

Spain Q4 GDP Falls 1.8% Year-on-Year, Worse Than Forecast

Euro Crisis Spain
Jasper Juinen | Getty Images

Spain's gross domestic product fell 1.8 percent in the fourth quarter from a year earlier according to preliminary data from the National Statistics Institute on Wednesday.

That was worse than economists' forecasts for a fall of 1.7 percent and down from an annual 1.6 percent drop registered in the third quarter.

On an quarterly basis the economy contracted by 0.7 percent, down from 0.3 percent in the previous quarter, and also below economists' expectations for a decline of 0.6 percent.


Contact Europe: Economy

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.