The Spain service sector contracted in June, but the rate of decline slowed from the prior month, Markit Economics said Wednesday.
The headline seasonally adjusted Purchasing Managers' Index rose to 43.4 in June from 41.8 in May.
The reading below 50 indicates contraction in the sector. Activity has now fallen on a monthly basis throughout the past year.
The survey showed that new business eased sharply again and firms lowered employment. At the same time, input costs decreased for the first time in five months, and companies cut output prices sharply in the face of strong competition.
The manufacturing PMI fell to 41.1 in June, the lowest since May 2009. "When combined with the manufacturing release from earlier in the week, the PMI data point to a further contraction in GDP during Q2," said Andrew Harker, economist at Markit.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.