Spain services PMI falls to 47.9 amid geopolitical tension
Spain's services sector activity declined in April for the first time since 2023 as geopolitical uncertainty weighed on demand. The PMI fell to 47.9 from 53.3.
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Spain services activity fell to 47.9 in April, marking the first contraction for the sector since August 2023. The S&P GLOBAL INC index dropped from 53.3 in March, crossing the 50-point growth threshold. Geopolitical conflict involving the United States, Israel, and Iran is stifling demand and investor confidence.
