SPAIN’S economy grew faster than experts predicted in the first quarter of 2016.
Gross domestic product grew 0.8%, 0.1% higher than the forecasts
The growth continued despite ongoing political deadlock, which has seen Spain without a majority government since December.
Mariano Rajoy’s acting government predicts Spain’s economy will grow 2.7% this year, before slowing to 2.4% in 2017.
The news comes as the country’s manufacturing industry also maintained expansion.
Spain’s Markit’s Purchasing Managers’ Index (PMI) rose to 53.5 in April, up 0.1 from March, securing 29 consecutive months of growth.
But despite the encouraging figures, analysts warn the continuing political drama could spell trouble ahead.
The amount of new orders and employment figures are already slowing down as the uncertainty breeds doubt among investors.
- WATCH: Aircraft and dozens of firefighters called to huge forest fire in Spain’s Andalucia - 23 Jan, 2019 @ 14:48
- Direct Malaga to NEW YORK flights available from May 2019 - 22 Jan, 2019 @ 18:20
- Expats pay tribute to Marbella businessman ‘linked to TOWIE stars and Mohamed Al-Fayed’ after he was brutally gunned down on doorstep - 22 Jan, 2019 @ 14:03
- Marbella shooting victim identified as high profile Costa del Sol businessman behind Linekers - 21 Jan, 2019 @ 18:30
- WARNING: Orange alerts for SNOW, wind and strong waves across Spain and Andalucia this week - 21 Jan, 2019 @ 14:59
- Expat appears in court after shooting and killing boy, 4, during hunt in Spain’s Andalucia - 21 Jan, 2019 @ 12:45
- Man shot to death inside his Bentley on Spain’s Costa del Sol in latest mafia hit - 21 Jan, 2019 @ 11:26
- Malaga law firm secures regulation from the Ministry of Justice after winning more than €1 million back from timeshare giants last year - 20 Jan, 2019 @ 18:22
- What do King Solomon, Andalucia’s Rio Tinto mines, NASA and Mars have in common? - 19 Jan, 2019 @ 13:44
- HAPPY RETURN: How British expats in Spain can plan for retirement back in Britain - 18 Jan, 2019 @ 17:44