The reduction in non-financial debt in July mainly responds to a drop in mortgages, which fell 0.44% from June levels (571.791 billion euros). In y-o-y terms, mortgages declined by 3.6%. But they still represent 77.9% of Spanish households’ total debt.
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.
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