FOREX TradingCharts.com

Financial News: Spain Services Growth Strongest In 5 Months On Better

Spain Services Growth Strongest In 5 Months On Better Demand

01/04/2023 - 06:23:00 (RTTNews)

(RTTNews) - Spain's service sector expanded at the fastest pace in five months, as activity and new orders registered back-to-back growth in December, supported by a marginally better demand environment, survey results from S&P Global showed on Wednesday.

The services Purchasing Managers' Index rose slightly to 51.6 in December from 51.2 in November. A score above 50.0 indicates expansion in the sector.

Higher activity in December was largely dependent on a further rise in new orders, which grew at the fastest pace since July.

Although underlying market activity remains subdued, companies reported that sales increased due to a slight pick-up in demand.

Companies continued to add workforce numbers for the third straight month, and the rate of job creation was the strongest in five months.

On the price front, input price inflation eased to a 4-month low in December, though it remained elevated. The overall sharp inflation was led by higher operating expenses on employment and charges paid to suppliers. Prices charged by service providers increased sharply, but to the lowest degree since September.

Optimism about the future was a little lower than in November and remained historically subdued amid inflation concerns.

The composite output index also rose to 49.9 in December from 49.6 in November. A modest growth of service sector activity in December was outweighed by an on-going contraction of manufacturing output.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2023 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia Trade Surplus A$12.237 Billion In December (01 hr(s), 49 min(s), 29 sec(s) ago)
(RTTNews) - Australia posted a seasonally adjusted merchandise trade surplus of A$12.237 billion i ...Full Story»

Japan Household Spending Sinks 1.3% On Year In December (02 hr(s), 52 min(s), 29 sec(s) ago)
(RTTNews) - The average of household spending in Japan was down 1.3 percent on year in December, t ...Full Story»

Australia Interest Rate Decision Due On Tuesday (03 hr(s), 59 min(s), 29 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and ...Full Story»

UK Car Registrations Rise 14.7% In January: SMMT (12 hr(s), 30 min(s), 29 sec(s) ago)
(RTTNews) - UK car registrations increased for the sixth straight month in January on the back of ...Full Story»

UK Construction Activity Registers Another Downturn (13 hr(s), 35 min(s), 29 sec(s) ago)
(RTTNews) - The UK construction sector posted another contraction in January as rising interest ra ...Full Story»

Rise In Eurozone Sentix Investor Confidence Eases Recession Fears (14 hr(s), 07 min(s), 29 sec(s) ago)
(RTTNews) - Eurozone investor confidence strengthened to hit an 11-month high in February, replaci ...Full Story»

Slovenia Inflation Falls Slightly To 10% (14 hr(s), 13 min(s), 29 sec(s) ago)
(RTTNews) - Slovenia's consumer price inflation eased marginally at the end of the year, thoug ...Full Story»

Hungarian Retail Sales Fall For First Time In Nearly 2 Years (14 hr(s), 17 min(s), 29 sec(s) ago)
(RTTNews) - Hungary's retail sales volume declined for the first time in 21 months in December ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Trade Surplus A$12.237 Billion In December

02/06/2023 - 19:40 PM (RTTNews)
(RTTNews) - Australia posted a seasonally adjusted merchandise trade surplus of A$12.237 billion i ...Full Story>>

Japan Household Spending Sinks 1.3% On Year In December

02/06/2023 - 18:37 PM (RTTNews)
(RTTNews) - The average of household spending in Japan was down 1.3 percent on year in December, t ...Full Story>>

Australia Interest Rate Decision Due On Tuesday

02/06/2023 - 17:30 PM (RTTNews)
(RTTNews) - The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and ...Full Story>>

UK Car Registrations Rise 14.7% In January: SMMT

02/06/2023 - 08:59 AM (RTTNews)
(RTTNews) - UK car registrations increased for the sixth straight month in January on the back of ...Full Story>>

UK Construction Activity Registers Another Downturn

02/06/2023 - 07:54 AM (RTTNews)
(RTTNews) - The UK construction sector posted another contraction in January as rising interest ra ...Full Story>>

Do not sell my personal information

Copyright © 2023. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.