Spain: Current account surplus hits four-month low in September
October 31, 2014
Spain’s current account balance incurred a surplus of EUR 439 million in September, which came in below the EUR 584 million surplus tallied in the same month last year and marked a sharp deterioration over the EUR 1.3 billion surplus recorded in the previous month. In the 12 months up to September, the current account balance recorded a surplus of EUR 1.7 billion, which was below the EUR 1.8 billion surplus observed in the previous month and marked a 19-month low.
According to the Bank of Spain, preliminary estimates showed that exports and imports expanded in September, while the travel surplus improved moderately.