Services activity in Spain continues to rise at start of 2016Staff writer ▼ | February 5, 2016
Further solid growth of both activity and new business was recorded in the Spanish service sector during January.
Spain Markit Spain Services PMI
The headline seasonally adjusted Business Activity Index posted 54.6 in January, remaining well above the 50.0 no-change mark and thereby signalling a further sharp rise in activity during the month.
Services output has now increased in each of the past 27 months, although the rate of expansion slowed again at the start of the year and was the weakest since December 2014.
Anecdotal evidence pointed to a general improvement in economic conditions over the month, supporting expansions in both activity and new business. New orders have risen continuously throughout the past two-and-a-half years, and the rate of growth picked up slightly in January. ■