Spain November services PMI 51.0 vs 51.5 expected ...Middle East

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Prior 51.1Overall activity rises in Spain's services sector, albeit marginally. However, the more important detail is that price pressures are seen ticking higher as output charge inflation rises to a five-month high. Considering what markets are pricing in for the ECB, this particular point in the report might be well worth noting. HCOB says that:“Resilience remains the name of the game in the Spanish services sector. After a soft patch during late summer, service providers have recovered modestly. This provides stability to the whole economy which is about to outperform the big three eurozone economies this year and probably next year, too. This stability also benefits the labour market fo

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