Tuesday, the Bank of Spain said in a report that the current account deficit decreased to EUR 6.58 billion in January from EUR 12.03 billion in the same month last year.

The trade deficit decreased to EUR 4.1 billion from EUR 8.61 billion last year. At the same time, the services account surplus fell to EUR 1.29 billion from EUR 1.39 billion.

The deficit in the income account decreased to EUR 3.2 billion from EUR 3.5 billion, while the deficit in the current transfer account narrowed to EUR 508 million from EUR1.2 billion.

Meanwhile, there was a surplus of EUR 52.6 million in the capital account, down from EUR 398.4 million in the previous year.

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