© Reuters. Tourists walk along a shopping street in central Malaga, Spain, April 28, 2022. REUTERS/Jon Nazca
(Reuters) – The Spanish statistics agency on Friday upgraded second quarter economic growth to 1.5% up from a previous 1.1% announced two months ago following a revision of annual growth for 2021 and 2020 last week.
On an annual basis the economy expanded a revised 6.8% in the second quarter up from 6.3% previously released, INE said in a statement.
INE also revised first quarter data to a 0.2% quarterly contraction from a 0.2% expansion and a 6.7% annual growth from a previous 6.3% growth.