Weak trade partners compromise Spain’s current account surplus

However, in accumulated terms (1S2014) balance of payments shows a €9.931 bn deficit -1bn in the same period from 2013.

This unfavourable trend reflects the increase in the trade balance and income deficits while services balance increased its surplus and transfers remained stable.

The trade balance is likely to deteriorate according to analysts at Link due to the weakness of Spain’s major trading partners of Spain so it seems difficult that the national economy will close the year with surplus current account