Catalan economy grows 0.9% in Q3, with GDP up 3.8% year-on-year
Catalan growth is higher than Spain's (3.4%) and Europe's (0.7%), driven by services sector, industry, agriculture and construction
gdp growth
Catalonia lags behind Madrid in GDP growth despite 6% increase
Spanish capital's economy grew by 7.2%, consolidating its position as the country's largest
Spanish GDP growth slows to 0.1%
Figure is 0.1% shorter than early estimations, while year-on-year was 4.4%
Catalan economy to grow 3%, says Barcelona chamber of commerce
Estimation would mean continuing trend of GDP increase, higher than Spanish and EU average
Catalan economy posts 3.3% growth in third quarter of 2016
In annual terms, the Catalan economy grew by 3.3% in the third quarter of 2016 according to official data released this week by the Catalan Ministry for Economy and Tax Office and the Statistical Institute of Catalonia (Idescat). This increase is mainly thanks to the boost provided by the services sector, which saw annual growth of 3%, and the acceleration of the industrial sector, whose growth stood at 4.9%, the highest for the last six years. The quarterly growth rate, however, stood at 0.7%, one tenth lower rise than the previous quarter, but four percentage points above the Eurozone average. According to the data, there is a slight slowdown in the expansion of the Catalan economy, as annual growth in the first and second quarter of this year were 3.7% and 3.5%, respectively.