Exchange Rate in Spain
Spain - Exchange Rate (average of period)Growth weakened in the first quarter, as household spending was weighed down by surging inflation and the spread of the Omicron variant. Turning to Q2, in April, a robust recovery in tourism likely underpinned the tertiary sector, as signaled by a higher services PMI reading, while the rate of unemployment fell and retail sales rebounded strongly. However, elevated inflation, downbeat consumer confidence and a softer expansion in manufacturing activity call for caution. Meanwhile, the European Commission recently warned of imbalances in the public accounts, with the independent fiscal authority lamenting the absence of a medium-term strategy to bring them under control. Furthermore, the Bank of Spain has called for additional reforms to ensure the sustainability of the public pensions system.
Spain - Exchange Rate (aop) Data
|Exchange Rate (vs USD, aop)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Spain Exchange Rate (aop) Chart
Source: Thomson Reuters.
|Bond Yield||0.46||5.62 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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December 1, 2022
Retail sales grew 1.4% year on year in October (September: +0.6% yoy).
December 1, 2022
The current account recorded a EUR 0.4 billion surplus in September, improving from the EUR 0.1 billion deficit clocked in August (September 2021: EUR 1.5 billion surplus).
November 16, 2022
Harmonized inflation dropped to 7.3% in October, following September’s 9.0%.
November 9, 2022
Industrial output expanded 3.6% year-on-year in seasonally and calendar-adjusted terms in September, which was a deterioration from August's 5.2% increase.
November 7, 2022
The S&P Global Composite Purchasing Managers’ (PMI) fell to 48.0 in October from September’s 48.4.