After 38 months of consecutive negative numbers, retail sales in Spain rose 2.2 percent from a year earlier, after falling a revised 4.4 percent in August. The news however are still bad for employment, since it declined – 1.8% in the retail sector, registering 24 consecutive months of declines.
Also, foreign direct investment would have reached €20bn between January and August, which would double the figure in the same period of the previous year, according to official sources. Symptoms that would indicate that confidence abroad in Spain has been considerably boosted.
Spanish bonds returned 11 percent this year, according to Bloomberg. Investors are optimistic about the country’s economy strengthening and the European Central Bank backstopping its debt. On Thursday, Spain will pay out 16.2 billion euros of a maturing bond and 4.9 billion euros of interest.
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