Spain | GDP meets expectations with a 0.7% q/q growth in 2Q25

Summary

The economy regained traction in line with expectations in 2Q25 (0.7% q/q) due mainly to the boost from private consumption and investment. The growth was accompanied by higher employment and effective hours worked, although mixed signals were observed in productivity.

Key points

• Key points:
• The economy gained traction and grew in line with expectations.
• Internal demand regained momentum and compensated for the performance of net external demand.
• Private demand rebounded, while public consumption and investment in other constructions stagnated.
• More hours worked and more employed people, but with mixed signals regarding productivity.

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