Spain’s services sector showed signs of cooling in August, as the Purchasing Managers’ Index (PMI) slipped from 55.1 in July to 53.2 last month, according to data reported by The Corner .eu. Although the index remains above the 50-point threshold that signals expansion, the decline suggests a slowdown in the pace of growth for one of the country’s key economic drivers. This dip comes amid ongoing concerns over inflationary pressures and shifting consumer demand in Europe’s fourth-largest economy.
Spain’s Services Sector Shows Signs of Cooling in August
August data reveals a noticeable deceleration in the performance of Spain’s services sector, as the Purchasing Managers’ Index (PMI) slid from 55.1 in July to 53.2. While still above the critical 50-point threshold indicating expansion, the softer reading highlights growing caution among service providers amid global economic uncertainties and fluctuating domestic demand. Analysts note that this moderation may reflect…
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Author : Atticus Reed
Publish date : 2025-09-05 13:41:00
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