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Spanish growth keeps its distance from the European pace
The PIB de España grew by 0.6% between July and September, above the EU and the eurozone, although it lost momentum compared to the previous quarter. Year-on-year growth reached 2.7%, according to initial estimates.
The comparison with 2025 offers a more favourable perspective: Spain's year-on-year growth reached 2.7%, a tenth of a point higher than in the second quarter. This is according to the preliminary report published by the Instituto Nacional de Estadística (INE).
In the third quarter, Spanish GDP grew by 0.6%. The European Union advanced by 0.5% and the eurozone by 0.4%, according to the first estimates released by Eurostat on Friday, 30 October. Spain, however, lost a tenth of a point compared to the previous quarter, when it had grown by 0.7%. The quarterly growth of both the European Union and the eurozone also slowed.
Among the major European economies, Germany recorded growth of 0.2%. Italy remained stagnant and France declined by 0.1%. Ireland led the advance among the countries that published initial estimates, although Eurostat advised interpreting its figure with particular caution due to its statistical characteristics. Spain shared a growth rate of 0.6% with Estonia. The Netherlands reached the same rate.
The figures are provisional and may be revised when the full Contabilidad Nacional data are published.