Spanish retail sales grow for first time in over three years.

Spanish retail sales increased for the first time since June 2010 in September, growing 2.2% on year vs -4.8% in August and topping consensus of -0.6%. However, analysts are expressing caution, as sales were hit in the comparable period last year by a hike in sales tax. The IBEX 35 was +0.5% at the time of writing.