Categories: Europe

Spain’s Industry, Exports Grow, Unemployment Still High

Spain’s Industry, Exports Grow, Unemployment Still High (Reuters)

Spain reported 1.4% year-on-year growth in September, contradicting expectations of a 1.5% contraction. Spain has also had successful bond sales for the year and registered growth in third-quarter exports. “All the indicators point to a turnaround, and that we’re entering into growth. The doubt remains on whether it will be strong or weak, but it’s clear we’re passing from a period of recession to a period of growth,” said Nicolas Lopez, analyst at Madrid broker M&G Valores. Unemployment remains high at above 25%.

Adrienne Minor

Adrienne Minor is an editorial assistant for Eagle Financial Publications. She writes, edits and posts articles for the website, as well as edits and assists in the online distribution of Eagle’s investment newsletters, trading alerts, e-letters and other reports. Adrienne's special investing interests are in mobile technology and consumer spending.

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