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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SPAIN DATA
MNI (London)
SPAIN DEC SERVICES PMI 51.6 (FCST 50.7); NOV 51.2
The Spanish services PMI improved for a third consecutive month in December, beating forecasts and up 0.4 points at 51.6. This signals two consecutive months of expansionary services activity.
Highlights from the press release:
- Demand improved marginally in December, feeding into a modest uptick in business activity, which saw the strongest growth since Summer.
- Employment growth was also at a July high, implying a continuation of robust business hiring plans despite economic outlooks remaining clouded.
- Cost inflation continued to ease, yet the survey flagged increased wage costs as an inflationary concern.
- Business outlooks weakened slightly in December due to lower consumer spending expectations but managed to remain positive.
- This data adds to the general signs of a softer-than-anticipated downturn in the euro-area service sector, as demand remains more robust.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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