Spain October services PMI 54.9 vs 56.8 expected ...Middle East

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Spain October services PMI 54.9 vs 56.8 expected
Prior 57.0Composite PMI 55.2Prior 56.3The growth momentum in Spain's services sector weakened in October but is still a solid reading nonetheless. Both sales and demand showed improvements, contributing to the strong activity. The added good news is that jobs growth also hit a 18-month high in the latest report. HCOB notes that:"Spain's economy continues on its positive trajectory. According to preliminary estimates from the national statistics office (INE), GDP grew by an impressive 0.8% quarter-on-quarter (QoQ) in the third quarter. While the Composite HCOB PMI showed a slight slowdown in June and July, it displayed solid growth signals again in September and October. This trend suggests t

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