Spanish economic growth accelerated in the second quarter – Reuters

MADRID (Reuters) – The Spanish economy grew in the second quarter of 2015 at the fastest pace in eight years, coinciding with a recovery in consumption

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In the April-June period, the Gross Domestic Product (GDP) expanded on January 1 , 0 percent to a quarterly rate, its eighth consecutive increase, and by 3.1 percent year on year, according to provisional data released Thursday by the National Statistics Institute (INE).

The Bank of Spain had anticipated a quarterly increase of 1.0 percent.

A Reuters survey also pointed to a quarterly rise of 1.0 percent of GDP in the second quarter and a growth of 3.1 percent.

first quarter of 2015 the economy grew 0.9 percent on-quarter and 2.7 percent year on year.

The Spanish government expects for the full year an expansion of 3.3 percent.

(Reporting by Robert Hetz; edited by Carlos Aliaga via Mesa Santiago)

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