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Published on Thursday, April 21, 2016

Spain | Trade balance improved in February despite the weakening in exports

BBVA Research estimates that, in seasonaly corrected terms, both real exports and imports fell in February (-0,8% y -0,5% MoM, respectively). All in all, the trade balance deficit was reduced to 23.688 millons of euro (12 months accumulate), due to the improvements in the euro zone balance and the energy bill.

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BC_feb16

Spanish - April 21, 2016

Authors

MP
Matías Pacce
Camilo Ulloa
Camilo Ulloa Principal economist for Spain & Portugal
BBVA Research
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