Spanish retails sales jump 4.1% y/y while mortgage lending drops

Retail and mortgage data from Spain

• Retail sales SA 4.1% vs 3.9% exp y/y. Prior 4.4%

• NSA 6.4% vs 4.3% prior y/y. Revised t 4.2%

• Total mortgage lending 9.8% vs 29.4% prior y/y

• House mortgage approvals 14.5% vs 15.9% prior y/y