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Spain: growth remains strong, despite softening in September
Spain’s service sector continued to expand strongly in September, supported by ongoing gains in new business and rising workloads. Jobs continued to be created, whilst confidence about the future remained high as firms eyed an end to the pandemic. However, growth rates were generally lower than in August, as inflationary pressures and supply-side constraints bit. Operating expenses rose at the strongest rate since the summer of 2008, whilst output charges increased at a greater pace. The headline seasonally adjusted Business Activity Index, which is based on a single question asking firms to comment on developments ... (full story)