Spain November services PMI 53.1 vs 53.2 expected ...Middle East

Prior 54.9Composite PMI 53.2Prior 55.2That's the weakest reading since January as services activity in Spain slows further in November. That said, demand conditions are still holding up and HCOB notes that severe floods in some areas of the country have had an impact on overall activity. From their notes:"The Spanish private sector economy experienced a slight deceleration in November. Both services and manufacturing expanded, albeit at slower rates. In the service sector, activity growth decelerated somewhat, attributed to the adverse effects of flooding in the Valencia region. Gains in real wages and sustained employment growth may explain why underlying demand remains positive. However, c

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Spain November services PMI 53.1 vs 53.2 expected ...Middle East

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