Trade Balance in Spain

Spain Trade Balance | Economic News & Forecasts

Spain - Trade Balance

The first quarter’s robust momentum seems to have broadly carried over into Q2. Although industrial production moderated in May, average growth in April–May was well above that of Q1. That said, the composite PMI trended lower in Q2, mainly due to weakness in manufacturing activity. The services PMI also averaged lower, but remained fairly strong nonetheless. Moreover, retail sales accelerated in April and May, which, coupled with consumers turning less pessimistic and employment growth remaining relatively healthy in Q2, hints that private consumption firmed up. In politics, despite uncertainty over the type of power-sharing arrangement that could emerge between the Socialist Party (PSOE) and left-wing Unidas Podemos party, Parliament’s investiture debate and vote for acting Prime Minister Pedro Sánchez will take place on 22–25 July. If Sánchez fails to receive the necessary support, it considerably raises the chances of repeat elections later this year.

Spain - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)-20.7  -33.5  -26.9  -20.8  -28.2  

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Spain Trade Balance Chart

Spain Trade
Note: Trade balance in EUR billion.
Source: Bank of Spain.

Spain Facts

Bond Yield0.345.62 %Jul 30
Exchange Rate1.110.65 %Jul 31
Stock Market8,971-0.74 %Jul 31

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