Spain economic outlook : June 2025

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<title>Spain economic outlook</title>
<subTitle>: June 2025</subTitle>
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<issuance>monographic</issuance>
<place>
<placeTerm type="text">Bilbao, Spain</placeTerm>
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<publisher>BBVA Research</publisher>
<dateIssued>2025</dateIssued>
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<abstract displayLabel="Summary">Recent data indicate that the slowdown may be reflecting a lower dynamism in domestic demand, particularly consumption, both public and private. Exports from the services sector continue to be one of the strongest drivers of growth, although with a declining contribution.  Investment in machinery and equipment shows recent strength that is supported by the  fiscal stimulus </abstract>
<tableOfContents displayLabel="Contents">GDP slows down, in a context of lower consumption growth, with a still important contribution from services -- Going forward, different factors will continue to support growth -- The trend toward growth moderation could consolidate</tableOfContents>
<note type="statement of responsibility">BBVA Research </note>
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<topic>Desarrollo económico</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080600648">
<topic>Crecimiento económico</topic>
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<topic>Consumo</topic>
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<topic>Sector servicios</topic>
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<topic>Análisis de riesgos</topic>
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<topic>Política fiscal</topic>
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<topic>Mercado de trabajo</topic>
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<topic>Datos macroeconómicos</topic>
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<geographic>España</geographic>
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<title>Situación España : junio 2025</title>
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<publisher>Bilbao : BBVA Research, 2025</publisher>
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<identifier type="local">MAP20250012462</identifier>
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<languageTerm type="code" authority="iso639-2b">spa</languageTerm>
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