FX.co ★ Spain’s Current Account Surplus Narrows to €5.05B in August

Spain’s current account surplus eased in August 2026, slipping to €5.05 billion from €5.91 billion in July, according to data updated on 30 October 2026.

The moderation in the surplus suggests a slight cooling compared with the previous month, when the balance reached its recent high. While the current account remains firmly in positive territory, the August reading indicates a weaker net inflow than in July, hinting at either softer export performance, stronger import demand, or a combination of both.

Investors and policymakers will be watching forthcoming data to see whether the August figure marks the beginning of a gradual normalization of Spain’s external position or merely a temporary pause after July’s stronger result.