ECONOMICS COMMENTARY
May 06, 2014
Signs of life in Spanish economy after strong start to second quarter
The pace of growth of the Spanish economy is set to accelerate in the second quarter. After official data signalled a 0.4% quarterly increase in Spanish GDP in the first quarter of 2014, PMI data signalled a further upturn in the rate of expansion during April. Moreover, stronger rises in new and outstanding business were recorded and employment increased for the first time in three months, adding to a sense of optimism that the Spanish economy is finally on the mend.
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