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.
