Spain's services sector grew in January at its slowest pace in six years as...
FILE PHOTO: Nissan Motor staff work in a manufacturing chain at the Zona Franca Nissan factory near Barcelona May 23, 2012. REUTERS/Albert Gea/File Photo
The headline Business Activity index in Markit’s Purchasing Managers’ Index fell to 52.3 from December’s 54.9. Firms in the services sector, which accounts for around half of Spain’s economic output, reported lower activity last month and said sales increased at the slowest pace since September 2013, IHS Markit said.
“Political uncertainties were widely reported by the survey panel to be negatively influencing decision-making, leading to a stalling of decisions around investment and hiring,” Paul Smith, Economics Director at IHS Markit, said.
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