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Spain's current account deficit shrinks 75pct by end Feb

Tue 30th Apr 2013
Spain's current account deficit shrinks 75pct by end Feb

Spain's current account deficit stood at 1.30 billion by the end of February, down from a deficit of 5.88 billion in the same month a year earlier, largely due to a lower trade deficit, the Bank of Spain announced earlier today.

The trade deficit alone stood at 600.8 million in February, down from 3.19 billion in the same month last year, as exports rose 4.4% while imports dropped 8.2%.

Spain also registered capital inflows of 10.82 billion after 30.37 billion in January.