Spain’s services economy enjoyed another month of strong output growth amid evidence of a further improvement in market demand and economic conditions. Firms responded to increased capacity pressures by adding to their staffing levels to a marked degree. Optimism in the future remained positive, whilst prices data showed that inflation rates for both input prices and output charges weakened. The headline HCOB Spain Services PMI® Business Activity Index recorded 56.2 in April. That was up from 56.1 in March and, although only slightly faster, signalled the best growth outturn since May 2023. It was also the eighth ... (full story)