Spanish Services PMI (Dec) 57.1 vs. Exp. 54.5 (Prev. 55.6)

• “Looking ahead to 2026, the outlook for services remains upbeat: order books are solid, and recent data suggest that last month’s dip in export orders was likely a temporary blip. Companies are responding by expanding their workforce, with a notable increase in permanent contracts, a clear sign of confidence in medium-term demand.”

The Spanish Services PMI beat expectations, signaling stronger than anticipated growth in the services sector, which could bolster confidence in the broader economy. The positive outlook for 2026 suggests that businesses are preparing for sustained demand by expanding their workforce, indicating a potential for increased consumer spending and investment, with implications for Eurozone growth and ECB policy considerations.