Current Account in Spain
Spain - Current Account (billions of Euros)
Current account surplus rises in July
Spain’s current account balance recorded a surplus of EUR 3.2 billion in July, above the EUR 2.7 billion surplus recorded in July 2018 but below the EUR 3.8 billion surplus logged in June. In the 12 months up to July 2019, the current account balance reached a surplus of EUR 21.9 billion, slightly above the EUR 21.4 billion recorded in the 12 months up to June.
According to the Bank of Spain, the larger current account surplus compared to the previous year mainly reflected a larger trade surplus recorded in July 2019—mainly the result of higher exports—of EUR 5.3 billion, above the EUR 4.5 billion registered in July 2018.
FocusEconomics Consensus Forecast panelists expect the current account balance to record a surplus of 0.7% of GDP in 2019 and 0.7% of GDP in 2020.
Spain - Current Account (EUR bn) Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Current Account Balance (EUR bn) | 15.6 | 11.2 | 12.6 | 25.2 | 21.5 |
Spain Current Account (EUR bn) Chart
Source: Bank of Spain.
Spain Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.07 | 5.62 % | Sep 03 |
| Exchange Rate | 1.10 | 0.65 % | Sep 04 |
| Stock Market | 8,857 | -0.74 % | Sep 04 |
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Economic News
Spain: Industrial production picks up in August
October 8, 2019
Industrial production increased 1.7% year-on-year in seasonally- and calendar-adjusted terms in August, up from July’s revised 1.2% rise (previously reported: +0.8% year-on-year).
Spain: Composite PMI drops to joint-lowest level in nearly six years in September
October 3, 2019
Reflecting a sharper deterioration in manufacturing activity and slower growth of the services sector, the IHS Markit composite Purchasing Managers’ Index (PMI) edged down from 52.6 in August to 51.7 in September, matching July’s reading which had marked a near six-year low.
Spain: Retail sales growth slows in August
September 30, 2019
Retail sales rose a healthy 3.2% year-on-year in August, however decelerating from the revised 4.8% jump logged in July (previously reported: +4.7% year-on-year).
Spain: Housing permits drop for third successive month in July
September 30, 2019
The Spanish Board of Architects approved 11,967 new construction permits in July, according to data published by the Ministry of Public Works.
Spain: Current account surplus rises in July
September 30, 2019
Spain’s current account balance recorded a surplus of EUR 3.2 billion in July, above the EUR 2.7 billion surplus recorded in July 2018 but below the EUR 3.8 billion surplus logged in June.
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