Spain final Q4 GDP revised down to growth of 0.2% from 0.3%

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Investing.com - Spain's economy grew less than initially estimated in the final three months of 2013, underlining concerns over the health of the euro zone's fourth largest economy, revised data showed on Thursday.

In a report, Spain's statistical office said the country's economy grew by a seasonally adjusted 0.2% in the fourth quarter, down from a preliminary estimate of 0.3% growth. Spain's economy expanded 0.1% in the preceding quarter.

Annualized GDP fell at a rate of 0.2%, downwardly revised from a preliminary estimate of 0.1% contraction.


Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD shedding 0.22% to trade at 1.3656.

Meanwhile, European stock markets were broadly mixed after the open. Spain's IBEX 35 fell 0.15%, the EURO STOXX 50 shed 0.2%, France's CAC 40 added 0.1%, Germany's DAX eased down 0.1%, while London's FTSE 100 slumped 0.05%.

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