Spanish S&P Global Composite PMI (Jul) 56.5 (Prev. 53.3)
Spanish business activity surged in July as firms sacrificed margins to boost sales, despite persistent input cost pressures and a slight decline in business confidence due to geopolitical risks.
News detail
"Sales growth was in part driven by firms accepting some margin compression, with selling prices rising only modestly and to the weakest degree since March 2021." "That was despite input price inflation remaining elevated amid ongoing reports of higher costs for energy, fuel and staff" "With confidence also dropping a little since June, and with ongoing uncertainty in the geopolitical outlook, it therefore remains to be seen whether July’s stellar rate of sector growth can be sustained in the near-term."
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