Spanish services PMI drops in October but composite beats expectations

Spanish services PMI data out a short while ago 6 Nov

  • 54.6 vs 55.6 exp vs 56.7 prev
  • composite 55.1 vs 54.6 exp vs 56.4

One pair of hands etc. Sorry folks but not price changing data right now, if ever.
Says Markit:

  • The Spanish service sector remained comfortably
    in growth territory during October, seeing marked
    increases in activity and new business, as well as a
    faster pace of job creation. That said, the rate of
    expansion in business activity was the slowest
    since January amid reports that political uncertainty
    in Catalonia dampened growth.
  • Similarly, business
    confidence dipped to the lowest in just over a year.
    The headline seasonally adjusted Business Activity
    Index posted 54.6 in October, down from 56.7 in
    September.
  • Output has now risen on a monthly
    basis throughout the past four years. The latest
    expansion was marked, but the slowest since
    January.
  • Central to the latest increase in output was rising
    client activity amid stronger market conditions. On
    the other hand, some panellists indicated that the
    political situation in Catalonia restricted growth

Full survey results here
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