Spanish economy maintains the pulse and grows more than expected in the first quarter – Yahoo Finance Spain

MADRID (Reuters) – The Spanish economy began the year 2015 was over, keeping a quarterly rate of 0.8 percent in the first three months of 2016 , according to the National Statistics Institute (INE).

in annual terms, the Gross Domestic Product (GDP) grew Spanish internaual 3.4 percent.

The data beat forecasts of economists polled by Reuters, who expected a quarterly growth of 0.7 percent and a 3.2 percent on-year.

The minister of Economy in Spanish features, Luis de Guindos, predicted yesterday that the Spanish growth in the first quarter could exceed expectations.

Both De Guindos and the Bank of Spain had previously estimated quarterly growth in the first three months of the year at 0.7 percent.

In the fourth quarter of 2015, quarterly growth was also 0.8 percent, while the annual figure was 3.5 percent.