Spain's June Services PMI Growth Reaches Highest Level Since 2026

Golden Ten Data reported on July 3 that the S&P Global Spain Services PMI Business Activity Index rose from 50.1 in May to 54.2 in June, showing that driven by strong domestic demand, Spain's services sector grew at its fastest pace this year in June, with both activity and new business rebounding. Paul Smith, Economic Director at S&P Global Market Intelligence, said: “The June survey showed a significant rebound in activity and sales after several months of sluggishness. Part of the recovery reflects growing optimism that the supply chain disruptions and market sentiment hits caused by the Middle East war will eventually dissipate, following the recent signing of a memorandum of understanding between Iran and the United States.”