MADRID (dpa-AFX) - Spain's manufacturing sector expanded at the fastest pace in 23 years in May, led by solid growth in output and new orders, survey results from IHS Markit showed Tuesday.The
Spain Service Sector Shrinks For Sixth Month
MADRID (dpa-AFX) - Spain s service sector contracted for a sixth straight month in January and at a faster pace, amid declines in new business and jobs due to coronavirus pandemic restrictions and harsh weather.
The purchasing manager s index for the services sector fell to 41.7 from 48.0 in December, survey data from IHS Markit showed on Wednesday. Economists had forecast a score of 45.3.
A reading below 50 suggests contraction in the sector.
New business decreased for a seventh consecutive month and at a faster pace. Export demand fell at the sharpest rate since October, marking its twenty-first month of decline.