GDP grows 2.7% year-on-year while quarterly expansion moderates slightly from 0.7%.

Spain’s gross domestic product (GDP) expanded 0.6% in the third quarter of 2026, while annual consumer inflation remained unchanged at 4.9% in October, official preliminary data showed on Friday.

The quarterly growth in GDP at market prices was one-tenth of a percentage point lower than the 0.7% expansion recorded in the second quarter, according to the National Statistics Institute.

On an annual basis, the Spanish economy grew 2.7% in the July-September period.

Full-time equivalent employment rose 0.2% quarter-on-quarter and expanded 1.6% compared to the third quarter of 2025.

Meanwhile, the flash estimate for the Consumer Price Index showed annual inflation stood at 4.9% in October, matching the rate registered in September.

Consumer prices rose 0.6% on a monthly basis in October, the statistics institute reported.

Underlying core inflation, which excludes unprocessed food and energy products, was estimated at 3.1% year-on-year in October.

On a monthly basis, core inflation increased 0.5% during the period.