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Spanish Services PMI: Fastest rise in activity since November 2006
April data signalled a further acceleration in the pace of growth in the Spanish service sector, with activity, new business and employment all increasing at rates not seen since prior to the economic crisis. Moreover, panellists generally foresee growth continuing over the coming year. There was little sign of inflationary pressure building as input costs rose at a slower pace and charges fell slightly again . The headline seasonally adjusted Business Activity Index rose for the second month running to 60.3 in April from 57.3 in March. The reading signalled a substantial monthly increase in activity, and the ... (full story)