Spain May services PMI 56.9 vs 56.4 expected ...Middle East

Prior 56.2Once again, Spain continues to be the bright spot in the euro area. This marks the steepest rise in activity for over a year. HCOB notes that:“In May, Spain's services sector continued to expand. Activity and new business both saw substantial growth, with the Services PMI Business Activity Index rising to 56.9. This growth was driven by a strong increase in new business, which has now risen for six consecutive months. Panellists reported – as also seen in the manufacturing sector – higher overall demand and greater success in acquiring new customers. Particularly encouraging was the significant rise in export business, especially in key markets like France and Germany. "Spanish ser

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Spain May services PMI 56.9 vs 56.4 expected ...Middle East

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