The current account balance stood at 10,145 million euros in December 2018 (0.84% of GDP), down 1.0 pp compared to December 2017 (1.84% of GDP).
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The labour market posted a positive trend in February, as evidenced by an uptick in Social Security affiliates of 38,833 individuals in seasonally adjusted terms, similar to the figure from the previous month (38,179).
Spain emerged from the excessive deficit procedure after posting a public deficit of less than 3% in 2018, specifically 2.6% of GDP.
The current account balance stood at 10,374 million euros in January 2019 (0.86% of GDP), down 1.0 pp compared to January 2017 (1.82% of GDP).
The labour market gained traction in March, as evidenced by an uptick in Social Security affiliates of 53,036 individuals in seasonally adjusted terms, similar to the previous month’s figure (38,833).
Inflation stood at 1.3% in March, thus matching the flash figure released by the National Statistics Institute on 28 March.
The current account balance stood at 9,380 million euros in February 2019 (0.77% of GDP), down 1.0 pp compared to February 2018 (1.79% of GDP).
The budget execution figures available up to February show slight impairment of overall public sector accounts, excluding local authorities.
The labour market again posted good momentum in April, as evidenced by an uptick in Social Security affiliates of 52,192 individuals in seasonally adjusted terms, similar to the figure from the previous month (53,036).
The budget execution figures available up to March show a slight improvement to overall public sector accounts, excluding local authorities.
The current account balance stood at 0.74% of GDP in March (0.77% in February and 1.77% in March 2018).
The labour market secured a good performance in May, as evidenced by an uptick in Social Security affiliates of 211,752 in non-seasonally adjusted terms, very close to the CaixaBank Research forecast (212,000).
The budget execution figures available for 1Q 2019 indicate public sector accounts standing in a very similar position in Social Security to a year previously.