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- Spain’s services PMI is down to 59.6 in August
Spain’s services PMI is down to 59.6 in August
Markit Economics released final services purchasing managers' index (PMI) for Spain on Thursday. Spain's final services purchasing managers' index (PMI) fell to 59.6 in August from 59.7 in July.
The index was driven by a weaker increase in input costs and output prices.
New business and employment continued to rise.
"The service sector remained the leading light in terms of Spanish PMI data in August, registering a further strong increase in business activity. We finally saw an easing off in the rate of job creation after it had accelerated in eight successive months, but the improvements in new work that have been recorded throughout the past couple of years are still translating into improvements in the labour market," Senior Economist at Markit Andrew Harker said.
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