FDI Up, Yield Down, and Spanish Economy Gains Momentum

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.

About the Author

Ana Fuentes
Columnist for El País and a contributor to SER (Sociedad Española de Radiodifusión), was the first editor-in-chief of The Corner. Currently based in Madrid, she has been a correspondent in New York, Beijing and Paris for several international media outlets such as Prisa Radio, Radio Netherlands or CNN en español. Ana holds a degree in Journalism from the Complutense University in Madrid and the Sorbonne University in Paris, and a Master's in Journalism from Spanish newspaper El País.

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