Spain: Current account surplus deteriorates in August
October 30, 2015
Spain’s current account balance incurred a surplus of EUR 1.7 billion in August, which was below the 2.1 billion surplus recorded in the same month last year and July’s 3.0 million surplus. July’s result had market the largest surplus in seven months. In the 12 months up to August, the current account balance recorded a surplus of EUR 15.8 billion, which was below the EUR 16.2 billion tallied in the 12 months up to July.
According to the Bank of Spain, the improvement in the current account balance is partly due to a decrease in the surplus of goods and services.