Spanish economy grows 1.4% in 2014 by private consumption and … – Financial Journal

Spanish economy grows 1.4% in 2014 by private consumption and … – Financial Journal

Expansion, Spain

The Spanish economy ended 2014 with growth of 1.4%, thanks to the efforts of private consumption and especially investment in the fourth quarter, reported the National Statistics Institute (INE).

According to the INE, the economy grew 0.7% between October and December 2014, increasing its rate of growth by two tenths from the third quarter and thus chaining six consecutive quarters of increases.

At the end of the year, GDP at current prices stood at 1,058,469 million euros, 0.9% higher than the closing 2013.

The consumption expenditure of households in the fourth quarter rose 0.9% while investment increased 1.4% due to the pull of the goods and industry construction.

Trust

The confidence in the economic situation in Spain by consumers and businesses rose again in February, representing the highest level in nearly a year, the indicator released today by the European Commission (EC).

The Economic Sentiment Indicator (ESI) for Spain rose to 107.4 points, 0.8 points higher than in January.