Spain's GDP kept falling at "significant rate" in Q3 - Central Bank

MADRID Wed Sep 26, 2012 9:28am BST

MADRID (Reuters) - Spain's gross domestic product prolonged its sharp fall in the third quarter of 2012, the Bank of Spain said on Wednesday.

"Available data for the third quarter of the year suggests that GDP kept falling at a significant rate, in a context of high financial tensions," the Spanish central bank said in a monthly report on the state of the economy.

Economy Minister Luis de Guindos said on Saturday he expected the economy to contract by around 0.4 percent in the third quarter, in line with the contraction in the Period from April to June.

(Reporting by Manuel Ruiz, writing by Julien Toyer)