Exchange Rate in Spain

Spain Exchange Rate (aop) | Economic News & Forecasts

Spain - Exchange Rate (average of period)

Revised GDP data showed that the economy has been growing slower than initially estimated, with Q2 growth revised down to a three-year low. Nonetheless, the pace of expansion remained solid and available figures underline sustained momentum in Q3. Industrial production growth held broadly in line with Q2’s average in July–August, despite the manufacturing PMI remaining in contractionary territory throughout Q3. Moreover, retail sales rose strongly in July and August, which, coupled with solid employment growth in both months, hints at some improvement in household expenditure. That said, the sharp slowdown in job gains in September might have weighed on spending somewhat. In politics, polls indicate that the 10 November election will produce another fragmented Parliament, in which the possibility a third election is not off the table. Meanwhile, the government unveiled its draft 2020 budget on 15 October, raising its deficit projection from 1.1% of GDP to 1.7% of GDP largely owing to the current state of political paralysis.

Spain - Exchange Rate (aop) Data

2013  2014  2015  2016  2017  
Exchange Rate (vs USD, aop)-     -     -     -     -     

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Spain Exchange Rate (aop) 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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