Spain's gross domestic product (GDP) contracted by 0.3 per cent in the third quarter, the statistics body INE said Thursday.
GDP shrank by 0.4 per cent in the previous quarter.
The INE attributed the improvement to a slight increase in consumption as Spaniards made purchases in anticipation of a rise in value added tax from the beginning of September.
Compared to the third quarter of 2011, GDP contracted by 1.6 per cent.
Spain is facing its second recession in three years, with the economy expected to shrink by 1.5 per cent in 2012.
Most Popular Stories
- Tablets, Cars Drive AT&T Gains
- 2015 Mazda MX-5 Miata Is Fast and Eager
- Small Businesses Add 3 More Worries to Their List
- DOMA Tech Adding Jobs to Process VA Claims
- Apple Warns of China iCloud Attack
- Tech Firms Flock to LA's 'Silicon Beach'
- Job Hunting Is Hard Work
- Stocks Subdued After Gains Earlier in Week
- Ford, GM Expect to Report Strong Profits
- Consumer Prices Edge Up, Surprising Economists