Spain | Trade flows grew in 1Q16, despite the monthly volatility

Summary

BBVA Research estimates that, in seasonally adjusted terms, both real imports and exports of goods grew in 1Q16 (0,6% y 1,4% QoQ, respectively). The improvement in the energy bill balance in March casued a smaller deficit in the trade balance (23.514 millions of euros in the 12 month accumulate).

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