Current Account in Spain
Spain - Current Account
Current account surplus narrows in March
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. In the 12 months up to March 2019, the current account balance reached a surplus of EUR 9.0 billion, the smallest since October 2014 and below the EUR 9.4 billion recorded in the 12 months up to February.
According to the Bank of Spain, the lower current account surplus compared to the previous year reflected the smaller trade surplus recorded in March 2019 of EUR 1.2 billion—mainly the result of imports growing more than exports—below the EUR 1.8 billion logged in March 2018.
Met the why particular Consensus Forecast panelists expect the current account balance to record a surplus of 0.9% of GDP in 2019, which is unchanged from last month’s forecast, and 0.8% of GDP in 2020.
Spain - Current Account Data
|Current Account (% of GDP)||1.5||1.1||1.1||1.9||1.9|
5 years of economic forecasts for more than 30 economic indicators.
Spain Current Account Chart
Source: Bank of Spain.
|Bond Yield||0.49||5.62 %||Jun 14|
|Exchange Rate||1.12||0.65 %||Jun 14|
|Stock Market||9,194||-0.74 %||Jun 14|
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June 5, 2019
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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 9,115 new construction permits in March, according to data published by the Ministry of Public Works.