The Gross Domestic Product (GDP) at current prices grew by 6.8% year-on-year, exceeding the previous quarter's record by three tenths. In quarter-on-quarter terms, the increase was 1.3%.
He GDP deflator reflected a year-on-year rise in 3.3%, one tenth more than the previous quarter, while the quarter-on-quarter rate increased one 0.5%.
In the area of income, the remuneration of employees grew a 7.3% year-on-year, driven by an increase in 2.4% in the number of full-time equivalent positions and of 4.8% in average remuneration per position. On a quarter-on-quarter basis, total compensation grew by 1.8%, the number of positions 1.1% and the average remuneration 0.7%. On the other hand, the gross operating surplus / gross mixed income went up a 5.9% year-on-year, although it lost dynamism compared to the previous quarter. In quarter-on-quarter terms, growth was 0.1%.
Lastly, the net taxes on production and imports they grew a 8.0% year-on-year, showing a notable acceleration compared to the previous quarter (0.8%). In a quarter-on-quarter rate, the increase was 4.0%.
Employment and productivity
The hours actually worked they grew a 0.9% year-on-year, although with a deceleration of 1.4 points compared to the previous quarter. In quarter-on-quarter terms, growth was 0.2%.
The full-time equivalent jobs increased a 1.9% year-on-year, slightly below the previous quarter, and a 0.9% in quarter-on-quarter terms.
As for the productivity, this registered an interannual growth of 1.4% per job and of 2.5% per hour worked. However, on a quarter-on-quarter basis, productivity per job decreased by 0.1%, while productivity per hour worked rose by 0.6%.
This analysis reflects a context of moderate growth in GDP and employment, accompanied by slight adjustments in productivity and income.
More information at INE
