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Spain: Rate of job creation hits eight - year high
The Spanish service sector made a positive start to the third quarter of the year as rates of expansion in new orders and business activity accelerated in July. This contributed to a stronger accumulation of outstanding work, despite companies having upped their rate of job creation again during the month. Improving client demand helped to increase the pricing power of service providers, and they were able to raise their charges in response to higher input costs. The headline seasonally adjusted Business Activity Index rose to 59.7 in July from 56.1, its highest reading in three months and pointing to a further ... (full story)