Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  October 23, 2012 11:20:20

Bank of Spain - 3Q GDP to fall by 0.4% m / m or 1.7% y / y

According to regular monthly estimates of the Bank of Spain Spain's GDP declined qoq in 3Q only by 0.4%, the same as in 2Q. Market while allowed to fall by 0.7%.
The annual decline in GDP is likely to reach the level of 1.7%. Bank of Spain estimate points to the ongoing problems with the labor market, households increasingly biting into their savings, which, together, combined with low disposable income reduces their ability to repay their debts.

Spanish 10-year bonds have responded to the report revenue growth of 6 basis points to 5.52%.
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Bank of Spain - HDP ve 3Q poklesne o 0,4% m/m respektive 1,7% r/r

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