S&P Global's Spain services PMI business activity index rose to 54.2 in June from 50.1 in May, the strongest reading so far this year, driven by robust domestic demand as activity and new business rebounded. S&P Global Market Intelligence chief econo

2026-07-03

S&P Global's Spain services PMI business activity index rose to 54.2 in June from 50.1 in May, the strongest reading so far this year, driven by robust domestic demand as activity and new business rebounded. S&P Global Market Intelligence chief economist Paul Smith said the survey showed a marked rebound after months of weakness, partly reflecting optimism that supply‑chain disruption and market‑sentiment damage from the Middle East war will eventually dissipate after Iran and the US recently signed a memorandum of understanding.