Spain continues to report negative inflation figures, although April’s reading came in slightly better than the figures in March. The National Institute of Statistics’ report came out on April 30. It reported the preliminary inflation figures for the Eurozone economies for April. It also covered Spain (EWP).

The EU’s harmonized inflation rate for April came in at -0.7%. Spain’s figures were also in line with median expectations of -0.7%. The inflation readings are moving towards positive territory. In March, the inflation reading was recorded at -0.8. The rate moved from 1.5% in January to -1.2% in February. The rate was -0.8% in March and -0.7% in April.

Spain also reported GDP (gross domestic product) numbers that were above expectations for 1Q15. The GDP in Spain recorded a 0.9% growth rate in 1Q15, against an expected 0.8%. On a YoY basis, the GDP grew at a 2.6% rate over the previous year.

There were also some unemployment releases in the Eurozone.