Exports in Spain
Spain - ExportsThe economy slowed in the first quarter of this year, as a further acceleration in inflation—due to the war in Ukraine—and the spread of the Omicron variant knocked household spending. Moving to the current quarter, data is mixed. Higher domestic interest rates are likely causing financial conditions to tighten, while the Central Bank recently highlighted persistently weak fiscal metrics as a source of economic vulnerability. More positively, a bounce in tourist numbers in the Easter period will provide some support to activity. Meanwhile, in April the European Commission allowed the government to cap natural gas prices at EUR 50 per megawatt-hour; prices are currently around EUR 90 per megawatt-hour. These measures should support consumer spending, but could also exacerbate regulatory uncertainty, distort markets and widen the fiscal deficit.
Spain - Exports Data
|Exports (USD billion)||279||283||316||333||330|
5 years of economic forecasts for more than 30 economic indicators.
Spain Exports Chart
Source: Bank of Spain.
|Bond Yield||0.46||5.62 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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May 12, 2022
The S&P Global Composite Purchasing Managers’ Index (PMI) jumped to 55.7 in April from 53.1 in March, reflecting a stronger services sector amid reduced Covid-19 restrictions.
May 11, 2022
Industrial production expanded 0.1% year-on-year in seasonally- and calendar-adjusted terms in March (February: +2.8%).
May 10, 2022
Industrial production rose 0.1% year-on-year in seasonally- and calendar-adjusted terms in March (February: +2.8%).
May 2, 2022
According to a preliminary estimate, GDP rose 0.3% on a seasonally-adjusted quarter-on-quarter basis in the first quarter of this year, decelerating sharply from the 2.2% rise recorded in Q4 2021.
April 29, 2022
Retail sales plunged 5.5% year-on-year in March (February: +1.7% yoy).