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.
- 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
- Output has now risen on a monthly
basis throughout the past four years. The latest
expansion was marked, but the slowest since
- 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