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Spain: Strongest growth since May 2023
The Spanish service sector recorded a positive performance in February, with both activity and new business rising at their best rates since May 2023. With optimism about the future also improving noticeably to its highest level in two years, firms took on additional staff at a solid pace. However, this came at the cost of raising typical salary costs and therefore overall operating expenses. Latest data showed the strongest input price inflation for nine months. Firms responded by raising their own charges to the greatest degree in a year. The headline HCOB Spain Services PMI® Business Activity Index remained above ... (full story)