Spain Q2 preliminary GDP 0.8% vs 0.5% Q/Q expected

• Spain Flash Q2 GDP Y/Y 2.9% vs. 2.5% expected and 2.5% prior.
• Spain Flash Q2 GDP Q/Q 0.8% vs. 0.5% expected and 0.8% prior.

Some nice pickup in the Spain’s economy while inflation continues to abate. GDP growth Y/Y in Spain averaged 2.03% from 1996 until 2024, so this is good news for the soft landing narrative and should reinforce further as the ECB delivers more rate cuts in the next quarters.

This article was written by Giuseppe Dellamotta at www.forexlive.com.