Unexpected rise in spending

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Public Spending: gone up for first time in 30 months.

The National Institute of Statistics (INE) has released data showing that public spending has gone up by 0.4% in the first three months of the year. This is the first time in the last 30 months that spending has risen.

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The INE has explained that this rise in public spending is due to an increase in the national demand for goods.

While household spending has risen by 0.4%, company’s spending has gone up by 4.4% which, according to the INE, indicates a possible ‘relaxing’ of the recession.


It is the latest figure in a series that are pointing to a tentative recovery. The economy has started to grow consistently, albeit by a tiny fraction of a per cent, unemployment is dipping slightly and tourism figures are up.

Manufacturing output is also up, with exports of cars leading the way. 





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