Trade Balance in Spain
Spain - Trade BalancePreliminary estimates showed that growth quickened to an over one-year high in Q1, contrasting the lackluster performance in the Eurozone overall. The acceleration was largely driven by a solid rebound in fixed investment and a positive contribution from the external sector. Turning to Q2, however, available data has not been as upbeat. In April, the composite PMI declined notably while economic sentiment dipped to an over two-and-a-half year low, indicating softer dynamics in the private-sector economy. On the political front, the investiture vote for Prime Minister Pedro Sánchez is likely to take place in July after his Socialist Party (PSOE) won the 28 April general election. Since then, the PSOE has consolidated its position as the primary political force by scoring important wins in the municipal, regional and EU elections on 26 May. That said, the vote at the subnational level was fragmented, setting the stage for complicated negotiations to form governments at both the local and national stage.
Spain - Trade Balance Data
|Trade Balance (USD billion)||-20.7||-33.5||-26.9||-20.8||-28.2|
5 years of economic forecasts for more than 30 economic indicators.
Spain Trade Balance Chart
Source: Bank of Spain.
|Bond Yield||0.57||5.62 %||Jun 12|
|Exchange Rate||1.13||0.65 %||Jun 13|
|Stock Market||9,247||-0.74 %||Jun 13|
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June 5, 2019
Largely reflecting slower activity growth in the manufacturing sector, the IHS Markit composite Purchasing Managers’ Index (PMI) declined to a five-and-a-half-year low of 52.1 in May from 52.9 in April.
June 5, 2019
Industrial production rose 1.7% year-on-year in seasonally- and calendar-adjusted terms in April, rebounding from March’s revised 3.0% contraction (previously reported: -3.1% year-on-year).
May 31, 2019
Spain’s current account balance recorded a tiny surplus of EUR 26 million in March, smaller than the EUR 389 million surplus recorded in March 2018 but much greater than the EUR 2.8 billion deficit logged in February.
May 30, 2019
Retail sales rose 2.0% in year-on-year terms in April, marking a six-month high and following the soft 0.2% upturn logged in March.
May 30, 2019
The Spanish Board of Architects approved 9,405 new construction permits in March, according to data published by the Ministry of Public Works.