西班牙第三季度GDP环比增长0.6%：同比增速升至2.7%，内需贡献2.6个百分点撑起增长
西班牙国家统计局（INE）10月30日发布第三季度国民核算初值：西班牙国内生产总值（GDP）按量计算环比增长0.6%，比第二季度的0.7%低0.1个百分点，增速只是轻微放缓。
同比看，第三季度GDP增长2.7%，比第二季度的2.6%高0.1个百分点。其中需求结构很清楚：国内需求为同比增长贡献2.6个百分点，对外需求的贡献接近于零，增长几乎全部由内需撑起。
按环比拆分，国内需求贡献0.5个百分点，对外需求贡献0.1个百分点。家庭最终消费支出环比增长0.6%，公共管理部门消费增长0.9%，资本形成总额仅增长0.1%。
外贸方面，商品与服务出口环比增长1.3%，比第二季度高0.2个百分点；进口环比增长1.1%，比第二季度低1.1个百分点。
从供给侧看，除建筑业外各大行业环比均为正增长：工业增加值增长0.7%，其中制造业增长0.4%；服务业增长0.7%，与上季度大致相同；农业、林业与渔业等初级部门增长1.5%；建筑业增加值环比接近于零，比上季度低0.8个百分点。
按现价计算，第三季度GDP同比增长5.9%，比第二季度高0.4个百分点，环比增长1.7%；GDP平减指数同比上涨3.1%，比上季度高0.3个百分点。
就业方面，实际工作时长同比增长2.2%，全职等值就业岗位同比增长1.6%、环比增长0.2%；每个全职等值岗位的生产率同比增长1.1%。雇员报酬同比增长6.3%。
统计局说明，本次初值所用指标多数只更新到第三季度的第二个月，并加入了领先指标、估计与其他补充来源，方法与欧盟统计局（Eurostat）的建议一致；全部数据均经季节与日历效应调整，完整结果可在INE的INEBase数据库查询，官方发布全文见西班牙国家统计局第三季度国民核算初值。
同一天，欧盟统计局公布的欧元区第三季度GDP环比增长0.4%、同比增长1.3%，西班牙的同比增速明显高于欧元区整体；但西班牙10月通胀初值仍停在4.9%的高位，增长与物价的组合仍是欧洲央行面对的难题之一。
关联：欧元区第三季度GDP增长0.4%高于预期：爱尔兰增长5.5%居首，法国收缩0.1%
关联：西班牙10月通胀初值4.9%与9月持平：核心通胀3.1%，燃油跌价抵进度假与燃气涨价
Spain GDP Grows 0.6% in Third Quarter: Annual Rate Rises to 2.7% as Domestic Demand Contributes 2.6 Points
Spain's National Statistics Institute (INE) published its advance quarterly national accounts for the third quarter on October 30: gross domestic product (GDP) rose 0.6% from the previous quarter in volume terms, one tenth below the second quarter's 0.7%, a pace that slowed only slightly.
From a year earlier, GDP grew 2.7%, one tenth faster than the 2.6% recorded in the second quarter. The breakdown was clear: domestic demand contributed 2.6 percentage points to the annual growth rate, while external demand contributed almost nothing, leaving growth almost entirely carried by demand at home.
On the quarterly split, domestic demand added 0.5 points and external demand 0.1 points. Household final consumption spending rose 0.6% on the quarter, general government consumption rose 0.9%, and gross capital formation edged up just 0.1%.
Exports of goods and services rose 1.3% from the second quarter, two tenths faster than in the previous period, while imports rose 1.1%, a rate 1.1 points lower than the quarter before.
On the supply side, every major sector except construction posted positive quarterly growth in value added: industry rose 0.7%, with manufacturing up 0.4%; services rose 0.7%, at a similar pace to the previous quarter; primary branches rose 1.5%; and construction value added was close to flat, eight tenths below its second-quarter rate.
At current prices, GDP grew 5.9% year on year, four tenths more than in the second quarter, and 1.7% on the quarter. The GDP deflator rose 3.1% from a year earlier, three tenths above the previous quarter's rate.
On employment, hours actually worked rose 2.2% year on year, while full-time equivalent jobs rose 1.6% from a year earlier and 0.2% on the quarter. Productivity per full-time equivalent job rose 1.1% year on year, and compensation of employees rose 6.3%.
The INE noted that the advance estimate is built mostly on indicators available through the second month of the quarter, supplemented by advance results, estimates and other sources, in line with Eurostat recommendations; all figures are seasonally and calendar adjusted. The full release is available from the INE advance quarterly national accounts, third quarter 2026.
Eurostat figures released the same day put euro area GDP growth at 0.4% on the quarter and 1.3% year on year, leaving Spain's annual pace well above the bloc's average, even as Spain's flash inflation for October held at a high 4.9%.
Related: Euro Area GDP Grows 0.4% in Third Quarter, Beating Forecasts
Related: Spain Flash Inflation Holds at 4.9% in October: Core Rate Steady at 3.1%
来源：GSM·美国（原文链接）
图片来源：图：Madrid 四塔商务区（Cuatro Torres）与雪山天际线（资料图）。LBM1948 摄，CC BY-SA 4.0，经 Wikimedia Commons。 / The Cuatro Torres business district in Madrid against the snow-capped Sierra (file photo). Photo by LBM1948, CC BY-SA 4.0, via Wikimedia Commons.
