Current Account in Spain
Spain - Current Account (billions of Euros)
Current account deficit widens in April
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.
FocusEconomics Consensus Forecast panelists expect the current account balance to record a surplus of 0.9% of GDP in 2019, which is unchanged from last month’s forecast, and 0.8% 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 | 0.41 | 5.62 % | Jul 10 |
| Exchange Rate | 1.13 | 0.65 % | Jul 11 |
| Stock Market | 9,280 | -0.74 % | Jul 11 |
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Economic News
Spain: Industrial production slows in May
July 5, 2019
Industrial production rose 1.4% year-on-year in seasonally- and calendar-adjusted terms in May, moderating from April’s 1.8% increase.
Spain: Composite PMI remains at five-and-a-half-year low in June
July 3, 2019
Reflecting diverging performances in the manufacturing and services sectors, the IHS Markit composite Purchasing Managers’ Index (PMI) remained at May’s five-and-a-half year low of 52.1 in June.
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.
Spain: Retail sales growth hits seven-month high in May
June 28, 2019
Retail sales rose 3.1% in year-on-year terms in May, marking a seven-month high and following the softer 1.9% upturn logged in April.
Spain: Second estimate confirms robust growth in Q1
June 28, 2019
Economic activity accelerated at the start of the year, according to a second GDP estimate released by Spain’s Statistical Institute (INE) on 28 June.
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