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Solid growth in the Spanish service sector in June
Growth across the Spanish service sector was sustained at the end of the second quarter of the year although it experienced a further decline in its momentum. A healthy demand environment continued to support sustained increases in activity, new business and employment. However, rates of expansion slowed in all three cases. In terms of pricing, rates of input cost and output charge inflation remained historically elevated but continued to ease. Strong wage pressures remained the principal driver behind the latest round of inflation. The headline HCOB Spain Services PMI Business Activity Index® registered at 53.4 in ... (full story)
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