The Basque economy grew 2.2% in the third quarter and employment 1.3%
The increase in the third quarter of the year has been based on the positive development of construction and services, according to the Basque Institute of Statistics, Eustat.
The Gross Domestic Product (GDP) of the Basque Autonomous Community (CAE) increased by 2.2%in the third quarter of this year % compared to the same period of the previous year, mainly due to the positive development of the services and construction sectors, which also generated 12,700 jobs, 1.3% more.
The Basque Institute of Statistics (Eustat) reported on Friday that the progress of the quarterly economic accounts confirmed the good performance of the Basque economy, which grew by 0.5% over the previous quarter (second of the year).
In fact, the Basque Government had just revised upwards the growth forecast for this year to 2.2% and next year to 1.9%.
Employment, measured as full-time equivalent jobs, has increased by 1.3 per cent year-on-year, or about 12,700 jobs, an estimated 0.3 per cent increase over the previous quarter.
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