GDP grew 0.5% in the fourth quarter according to AIReF

The Independent Authority for Fiscal Responsibility (AIReF) estimates a Gross Domestic Product (GDP) growth of 0.51% in the fourth quarter of the year. A figure that rises just over a tenth compared to the previous quarter (+ 0.4%) of the same year. According to the AIReF, this data shows a «Relative stability» in the rhythm of economic growth within our country.

The latest available data that refer to macro and microeconomics point to a more or less stable growth. Data that are prepared from the forecasts of real and concrete GDP growth generated by the MIPred model, based on the economic evolution of our country

The latest data has been better than estimated. Data specifically extracted from the PMI Index of the services sector in December and the Industrial Production Index (IPI) of November. There is no encouraging data regarding other indicators such as imports, cement consumption, Social Security affiliation or energy consumption, which have registered much worse data than expected. Meanwhile, the indicators that refer to the behavior of financing a businesses and families They have not given any surprise.

This has caused the AIReF keep your last forecast practically on the same figures located at (+ 0.53%), held on October 31. Now, AIReF expects a 0.51% rise in GDP in the last part of the year. This translates into a slowdown in the slowdown in inter-quarterly terms and even a slight acceleration of the economic growth of our country. According to the National Accounting data published by the National Statistics Institute (INE), the Spanish economy grew 0.5% in the first quarter of the year Y slowed its growth one tenth the next two quarters, with a rise of 0.4%.