Investing.com - Consumer price inflation in Spain fell for the fourth consecutive month in October, underlining fears over deflationary pressures in the euro zone’s fourth largest economy, official preliminary data showed on Thursday.
In a report, Instituto Nacional de Estadistica said that consumer prices declined by a seasonally adjusted 0.1% this month, compared to a 0.2% drop in September. Analysts had expected Spanish inflation to remain flat in October.
A separate report showed that Spain's economy grew an estimated 0.5% in the third quarter, in line with expectations and compared with a 0.6% pace during the three months through June.
On annualized rate, Spain's gross domestic product rose 1.6% in the third quarter, meeting forecasts and up from growth of 1.3% in the preceding quarter.
EUR/USD was trading at 1.2585, while EUR/GBP was at 0.7871.
Meanwhile, European stock markets were mixed. Spain’s IBEX 35 shed 0.9%, Germany's DAX rose 0.1%, France’s CAC 40 tacked on 0.3%, the DJ Euro Stoxx 50 dipped 0.1%, while London’s FTSE 100 slumped 0.35%.