Arab Today, arab today spain logs rare current account surplus
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

Spain logs rare current account surplus

Arab Today, arab today

Arab Today, arab today Spain logs rare current account surplus

London - Arab Tday

Spain recorded a current account surplus in January-June this year for the first time on record as exports and investor confidence in the recession-hit country strengthened, officials said. The current-account balance, the broadest measure of a country\'s trade and financial exchanges with the outside world, showed a surplus of 1.357 billion euros ($1.8 billion) for the first half of 2013, the central bank said. That contrasted sharply with a shortfall of nearly 17 billion euros in the same period last year. \"This change mainly reflects the notable improvement in the trade deficit, followed by an improvement in returns on investments and services,\" the Bank of Spain said in a statement. It was the first time Spain had recorded a surplus for the first half of the year since current records began in 1990, and its first half-yearly surplus since 1997. Spain\'s conservative government says the economy, the eurozone\'s fourth-biggest, is heading out of its two-year recession. The latest growth figures showed the pace of economic contraction slowed in the second quarter. Friday\'s data also indicated strengthening investor confidence in Spain, which last year turned to its eurozone partners to bail out its banking sector but resisted pressure to seek a full sovereign bailout. Spain recorded an investment inflow of 39.8 billion euros in the first half of 2013, compared to an outflow of 225 billion euros in the same period last year. In trade, the shortfall of exports to imports was less in the first half of 2013, shrinking to 2.71 billion euros from 15.65 billion euros in the first half of 2012, the bank said. Spain\'s services sector increased its surplus to 17 billion euros from 15.19 billion euros a year earlier. In another key sector, tourism, the surplus grew by 4.7 percent to 13.88 billion euros. The industry reported a record number of foreign tourists coming to Spain in July this year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spain logs rare current account surplus Arab Today, arab today spain logs rare current account surplus

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spain logs rare current account surplus Arab Today, arab today spain logs rare current account surplus

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday