Spain February services PMI 57.3 vs 56.4 expected

Latest data released by Markit — 3 March 2018

  • Prior 56.9
  • Composite PMI 57.1 vs 56.5 expected

A beat on both fronts for Spain as we kick things off on the PMI front. Headline print is the highest in 7 months.
According to Markit, it’s due to a sharp rise in new orders as well as an elevated level with regards to the rate of job creation.
Euro not too phased by the print, and rightfully so. The focus today will not be on data points, but more towards the Italian election.
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