Exchange Rate in Spain

Spain Exchange Rate | Economic News & Forecasts

Spain - Exchange Rate

A preliminary estimate revealed that the economy lost momentum in Q2 on weaker domestic demand; nevertheless, the expansion remained among the strongest of the major Eurozone economies. Household consumption moderated slightly amid softer employment growth, while capital spending contracted due to a sharp fall in machinery and equipment investment. A more upbeat external sector—driven by a solid bounce-back in exports—cushioned the overall deceleration, however. Meanwhile, available data hints that activity eased further at the start of Q3. In July, the pace of job creation slowed considerably, while consumers turned more pessimistic. In addition, the composite PMI fell to an over five-year low, dragged down by a less dynamic services sector. In politics, Pedro Sánchez failed to garner enough parliamentary support to be sworn in as prime minister in late July. He now has until 23 September to rally the required support; if that fails, repeat elections will be called for 10 November.

Spain - Exchange Rate Data

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Spain Exchange Rate Chart

Spain Exchange Rate
Note: U.S. dollar (USD) per euro.
Source: Thomson Reuters.

Spain Facts

Bond Yield0.075.62 %Sep 03
Exchange Rate1.100.65 %Sep 04
Stock Market8,857-0.74 %Sep 04

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