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Fastest rise in Spanish services activity since March 2007
The recovery in the Spanish service sector gathered pace in April with activity and new business each growing at rates not seen since the economic crisis began in late - 2007. Employment also increased, ending a two - month sequence of job cuts. The rate of in put cost inflation remained relatively muted and although output prices continued to fall, the rate of decline slowed for the fourth month running. Meanwhile, companies remained optimistic that activity will continue to rise over the coming year. The headline seasonally adjusted Business Activity Index rose to 56 .5 in April, signalling a sharp monthly increase ... (full story)
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