He HCOB PMI INDEX OF THE SERVICES SECTORS OF SPAIN Posted by S&P global has risen six tenths in June, rising to 51.9 Points from May 51.3, remaining in expansion territory for twentieth second consecutive month.
The figure has improved expectations, exceeding 51 -point setback market.
According to the statement, a modest was recorded Increased activity in the sector due to the execution of new and existing contractsalthough a weaker market demand caused a decrease in new orders. On the other hand, the inflation of the collected prices stood at its highest level of the last twelve months.
Euro reaction
The euro has risen after the publication, raising 15 pips to the vicinity of 1,1810. At the time of writing, the par quotes over 1,1806, winning 0.06% in the day.
Economic indicator
PMI Global S&P Services
The index of purchase managers (PMI) services published by the Markit Economics Capture business conditions in the service sector. The PMI is an important indicator of the business conditions and the economic conditions of Spain. A reading exceeding 50 points indicates expansion in economic activity, while a reading of less than 50 points implies a decrease in activity. A result superior to what is expected is bullish for the euro, while a result less than consensus is bassist.
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Last publication: JU JUL 03, 2025 07:15
Frequency: Monthly
Current: 51.9
Dear: 51
Previous: 51.3
Fountain: S&P global
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
