Spanish S&P Global Services PMI (Apr) 47.9 vs. Exp. 52.1 (Prev. 53.3)

The Spanish S&P Global Services PMI for April has come in at 47.9, significantly below expectations of 52.1 and down from the previous reading of 53.3. This marks a contraction in the services sector, suggesting weakening economic momentum, which could raise concerns around growth outlook and influence market sentiment, particularly regarding European growth and potential ECB policy responses.