Spain’s economy grew by 0.3% in the third quarter of the year, according to updated data published on Friday. National Institute of Statistics (INE) confirms what was already advanced on October 27, confirming the path for production activity to slow down in Spain in 2023, after recording advances of 0.6% and 0.4% in the previous two quarters.
Data from the Quarterly National Accounts published by INE show that: interracial exchange This rate was 1.8% in the third quarter of the year, compared to 2% in the previous quarter.
Employment in terms of hours worked in the economy varied by 0.1% from quarter to quarter. This rate is higher for full-time equivalent jobs (2.4%, which is 2.0 percentage points higher than in the second quarter). The change in average full-time hours is -2.3%.
On a yearly basis, hours worked changed 1.9%, up eight-tenths from the second quarter of 2023, and full-time equivalent positions changed 3.5%, up four-tenths from the second quarter of 2023; This represents an increase of 678,000 full-time equivalent jobs in one year.
The interannual change in unit labor cost is at 6.5% in this quarter. Gross national income and gross national disposable income changed by 0.7% and 0.6%, respectively, compared to the previous quarter.
Compared to the third quarter of 2022, national income increased by 6.7 percent and national disposable income increased by 6.9 percent.