India, June 25 -- Spain's economic growth slowed in the first quarter, as estimated earlier, final data from the statistical office INE revealed on Wednesday.
Gross domestic product grew 0.6 percent sequentially in the first quarter. The rate matched the initial estimate and was slower than the 0.7 percent growth posted in the preceding quarter.
Moreover, this was the weakest expansion since the second quarter of 2023.On a yearly basis, economic growth eased to 2.8 percent, in line with estimate, from 3.3 percent in the fourth quarter of 2024.
On the expenditure-side, household spending increased 0.6 percent, while government spending dropped 0.4 percent. Gross capital formation was 0.9 percent higher than in the prior quarter. Exports a...