Spanish S&P Global Services PMI (May) 50.1 vs. Exp. 48

Newsquawk StaffPublished 3 Jun 2026, 07:35 UTCOn the live feed at 07:15 UTC — 7 more headlines followed before this page went public

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07:22

Hardline Iranian lawmaker calls for stronger military response to US strikes, Al Jazeera reports

07:17

Inditex (ITX SM) CFO says the impact of higher transport costs and fuel prices in Q1 has so far been limited, but there is a lag effect

07:15

Spanish S&P Global Services PMI (May) 50.1 vs. Exp. 48

07:10

EUROPEAN OPEN: ITX SM Q1 sales beat, May/June growth accelerates; BP/ LN held North Sea asset sale talks; CG wins EU approval for BAS GY coatings deal; BAYN GY has no plans to spin-off Monsanto; PRX NA gets extended DHER GY stake deadline

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“Some stability in demand and activity following April’s contractions were a welcome development in May and provides hope that the economic downturn in Spain will be relatively shallow."
Despite this, "...underlying performance remains weak, and the private service sector is still on course for its worst calendar quarter in over five years."
"...activity likely to remain weak and inflation well above trend."

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