Exchange Rate in Spain
Spain - Exchange Rate
The economy seems to have maintained momentum in the fourth quarter, following the third quarter’s robust showing which was fueled by a pick-up in consumer spending. A strong rebound in retail sales and a notable acceleration in tourist arrivals in October, coupled with solid readings for the services PMI in October-November, indicate healthy private consumption. Downbeat consumer sentiment in the first two months of the quarter, however, calls for caution. Meanwhile, a mild rebound in industrial production in October and weak PMI readings in October-November point to tepid growth in the manufacturing sector. On the political front, the European Commission expressed concern about the government’s planned increase in spending and skepticism about the viability of current budget targets at the end of November. Furthermore, the ruling Socialist Party’s setback in Andalusian regional elections in early December, together with growing political tensions with Catalan pro-independence parties, pose growing challenges to the party’s political mandateSpain - Exchange Rate Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | 1.38 | 1.21 | 1.09 | 1.05 | 1.20 |
Spain Exchange Rate Chart
Source: Thomson Reuters.
Spain Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.44 | 5.62 % | Jan 11 |
| Exchange Rate | 1.15 | 0.65 % | Jan 14 |
| Stock Market | 8,819 | -0.74 % | Jan 14 |
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Economic News
Spain: Industrial production drops at sharpest pace in over five years in November
January 11, 2019
Industrial production declined 2.6% year-on-year in seasonally- and calendar-adjusted terms in November, contrasting October’s revised 0.7% increase (previously reported: +0.8% year-on-year) and marking the sharpest contraction since May 2013.
Spain: Composite PMI ticks down in December
January 4, 2019
Reflecting weaker activity growth in the manufacturing sector, the IHS Markit composite Purchasing Managers’ Index (PMI) edged down from 53.9 in November to 53.4 in December.
Spain: Second estimate affirms solid growth maintained in Q3
January 3, 2019
Robust momentum was maintained in the third quarter of the year, according to a second GDP estimate released by the National Statistical Institute (INE) on 28 December.
Spain: Current account surplus declines in October
December 28, 2018
Spain’s current account balance recorded a surplus of EUR 294 million in October, a marked decline from the EUR 1.9 billion surplus recorded in October 2017 and well below the EUR 696 million surplus logged in September.
Spain: Housing permits growth accelerates notably in October
December 28, 2018
According to data published by the Ministry of Public Works (Ministerio de Fomento), the Spanish Board of Architects (Colegio de Arquitectos Técnicos) granted 8,583 new construction permits in October.
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