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Spanish economy soars by 2.9% riding on crest of tourism wave

Although the growth continues to be concentrated in all activity linked to tourism (travel, hotels, leisure, restaurants, transport, etc.), it is also spreading to many other parts of the economy.

From Sur in English, Spain has maintained the economic momentum that has been trundling along since the beginning of the year and has strengthened this growth in the second quarter to June, one of the periods in which it tends to make most progress thanks to tourism, although this state of good fortune has spread to almost all industry sectors.

Gross Domestic Product (GDP) is growing by 2.9% in year-on-year terms with the 0.8% quarterly growth between April and June, according to provisional data from the country's national statistics institute (INE).