Spanish S&P Global Services PMI (May) 50.1 vs. Exp. 48
Newsquawk Staff ·
- “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."
Sources
- Week in Focus 26-30th October 2026: FOMC, BoC, RBNZ, ECB, BoJ Policy Decisions, US PCE
- US Midterm Preview: Democrats Favoured to Flip the House, Senate Too Close to Call
- Newsquawk Weekly Economic Release 26th - 30th October 2026
- Newsquawk European Market Wrap - 23rd October 2026
- US EQUITY OPEN: Breadth poor at the open: Energy leads gains on oil rally, Tech sees slight bounce
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