The continued expansion of Spain’s service sector was signalled by July’s survey as firms recorded another solid increase in activity and a modest rise in new business. Additional staff were again taken on, which enabled companies to broadly keep on top of overall workloads. However, inflation rates remained elevated, despite easing since June, and firms signalled growing concerns about elevated prices and wider economic instability. Confidence about the future slumped to its lowest level for nearly two years. The headline seasonally adjusted Business Activity Index, which is based on a single question asking firms ... (full story)