Spain Q3 economic growth edges down to 0.6 percent

Spain reports a third quarter economic growth rate of 0.6 percent matching analyst expectations. Annual gross domestic product expands by 2.7 percent in the same period.

Shoppers carry their bags in central Madrid, Spain, April 28, 2022. REUTERS/Susana Vera

Spain's economic growth slowed to 0.6% in the third quarter following a 0.7% expansion in the prior period. The quarterly gross domestic product expansion matched the 2.7% annual rate recorded by the National Statistics Institute on Friday. Investors monitor these prints to gauge private consumption resilience against rising international trade conflicts.