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Spain: Decline in activity stretches to a year-and-a-half in December
The economic downturn in the Spanish services sector eased slightly during December, but remained marked. Activity and new business continued to decline sharply and further job shedding was recorded. The rate of input cost inflation remained modest, while strong competitive pressures again led companies to lower their output prices. The headline seasonally adjusted Business Activity Index – which is based on a single question asking respondents to report on the actual change in business activity at their companies compared to one month ago – posted 44.3 in December, up from 42.4 in the previous month, and the ... (full story)
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