The Bank of Spain believes that in the second quarter has continued the “shock” trajectory of GDP thanks to more “dynamic” increase in spending of households supported by an improvement in the labor market.
According to the latest economic bulletin Bank of Spain, in the most recent period would have continued recovery in housing investment.
The watchdog said the good performance would have had private domestic demand, in line with the “outstanding” contribution in GDP that recorded between January and March this year.
The Bank of Spain of Spain also stresses the improvement in financial conditions, a decrease of interest rates on loans for both house purchase (13 points) as for consumption (43 points), reaching 2.5% and 6.5% respectively.
The monthly economic bulletin recalls that the Spanish economy has grown at a annual pace of 2.6% in the first quarter, compared with 2% annual rate for the period between October and December 2014.
“The GDP growth trend of the Spanish economy would have continued in the period recently, according to available information “he says, based on the best evolution of vehicle registrations, and in indices and household confidence and retailers, which are located” above their historical averages “.
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