Spain December services PMI 51.5 vs 51.2 expected ...Middle East

Prior 51.0New work returns to growth territory as services activity in Spain continues to stay resilient. That being said, selling price inflation has moved up to a seven-month high and could be a cause for concern for the ECB if the trend persists. HCOB notes that:"In contrast to the overall economic weakness in Europe, Spain’s service sector appears to be charting its own course. Rather than succumbing to the broader economic downturn, service providers in Spain are still on an expansion trajectory. While it is far away from a full-blown boom, the resilience is surprising, especially considering the subdued mood in the manufacturing sector and the lacklustre performance of the service sect

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Spain December services PMI 51.5 vs 51.2 expected ...Middle East

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