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Spain June services PMI 53.4 vs 55.5 expected

Spain June services PMI 53.4 vs 55.5 expected
Prior 56.7That's still solid growth but a notable miss on estimates for Spain's services sector. Overall activity and new business saw softer gains on the month but output was the weakest since January. HCOB notes that:“The Spanish service sector, which has shown a very robust rate of expansion in recent months, is gradually losing momentum, but is still quite solid with a PMI value of 53.4 points. GDP growth is likely to be supported by the good state of the services sector in the second quarte... Read More
Posted: Jul 5 2023, 07:15
Author Name: forexlive
Views: 110528

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