Overall budget execution figures up to September showed a slight adjustment to public sector accounts.

There was a modest increase in housing appraisal prices during the third quarter of the year, standing at 0.1% QoQ, well short of our forecasts (we anticipated an uptick of 0.7% QoQ).

Inflation stood at 2.3% in October, thus matching the preliminary figure released by the National Statistics Institute on 30 October.

The Spanish economy maintained a solid pace of growth in 3Q (0.6% QoQ), outstripping the growth posted by the main Eurozone economies.

The labour market was unexpectedly strong in October, with an uptick in Social Security affiliates of 130,360 in non-seasonally adjusted terms, much sturdier than the October 2017 increase (94,368) and the CaixaBank Research forecast (60,000).

Overall budget execution figures up to August show a slight adjustment to public sector accounts.

Inflation was unchanged at 2.3%, slightly higher than forecast by CaixaBank Research.

• The labour market performed well in the third quarter of the year, as evidenced by the fact that job creation was up robustly (2.5% YoY), albeit slightly short of first half figure (2.6%).

Inflation stood at 2.3% in September, 1 tenth faster than the uptick announced by the National Statistics Institute on 28 September.

Employment grew during September, with an increase in the number of Social Security affiliates of 22,899.