Prior 56.9Composite PMI 55.8Prior 56.6The reading is just marginally softer than the 13-month high in May, reaffirming that business activity remains robust in Spain's services sector. The only downside is that the trend in prices is still strong, so that's not too comforting on the inflation front. HCOB notes that:“The Spanish services sector remains unshaken. After the PMI for Spain's manufacturing sector lost some growth momentum in June following the European elections, the services sector maintains its pace. The growth results from continued high demand, which has been further strengthened, exclusively from abroad. Expectations for the future dipped a bit but still remained solid. Some
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