Spain: Current account deficit widens in April
June 28, 2019
Spain’s current account balance recorded a deficit of EUR 413 million in April, smaller than the EUR 1.3 billion shortfall recorded in April 2018 but much greater than the EUR 107 million deficit logged in March. In the 12 months up to April 2019, the current account balance reached a surplus of EUR 8.5 billion, above the EUR 7.6 billion recorded in the 12 months up to March.
According to the Bank of Spain, the lower current account deficit compared to the previous year reflected the larger trade surplus recorded in April 2019 of EUR 2.6 billion, above the EUR 1.4 billion logged in April 2018.