{"id":435483,"date":"2026-08-05T14:15:16","date_gmt":"2026-08-05T07:15:16","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/spains-services-sector-continues-to-impress-as-business-activity-rose-markedly-in-july-435483\/"},"modified":"2026-08-05T14:15:16","modified_gmt":"2026-08-05T07:15:16","slug":"spains-services-sector-continues-to-impress-as-business-activity-rose-markedly-in-july","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/spains-services-sector-continues-to-impress-as-business-activity-rose-markedly-in-july-435483\/","title":{"rendered":"Spain&#8217;s services sector continues to impress as business activity rose markedly in July"},"content":{"rendered":"<div>\n<ul>\n<li>July services PMI 58.3 vs 54.9 expected<\/li>\n<li>Prior 54.2<\/li>\n<li>July composite PMI 56.5<\/li>\n<li>Prior 53.3<\/li>\n<\/ul>\n<p style=\"text-align: justify\" class=\"text-align-justify\">That&#8217;s quite the beat with Spain services activity growing strongly in July, with the headline estimate being the highest since March 2023.\u00a0Market demand was widely reported to have improved while price pressures did show further signs of easing for the most part.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">New business growth played a key role in the latest uplift with new work rising by the greatest degree since January last year.\u00a0However, growth was primarily driven by the domestic<br \/>\nmarket as new export work rose only modestly and at a rate<br \/>\nwell below that of total new work.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">On the price front,\u00a0input price inflation fell further in July for a second successive month to the lowest<br \/>\nsince February. That being said,\u00a0there<br \/>\nremained plenty of reports amongst service providers of\u00a0higher energy and fuel prices on the month &#8211; albeit lower than those reported in June.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">All in all, it&#8217;s a solid report and will cast aside any worries of stagflation pressures for the Spanish economy. As it has been over the years, Spain remains one of Europe&#8217;s brighter spots in terms of economic showing despite the trials and tribulations across the region.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">S&amp;P Global notes that:<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">\u201cService sector growth took off during July as market<br \/>\ndemand strengthened and resulted in a sizeable<br \/>\nincrease in new business placed with companies. Firms<br \/>\nsubsequently struggled to keep on top of their workloads<br \/>\nand recruited extra staff as a result.\n<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">\u201cHowever, sales growth was in part driven by firms<br \/>\naccepting some margin compression, with selling prices<br \/>\nrising only modestly and to the weakest degree since<br \/>\nMarch 2021. That was despite input price inflation<br \/>\nremaining elevated amid ongoing reports of higher costs<br \/>\nfor energy, fuel and staff. With confidence also dropping<br \/>\na little since June, and with ongoing uncertainty in the<br \/>\ngeopolitical outlook, it therefore remains to be seen<br \/>\nwhether July\u2019s stellar rate of sector growth can be<br \/>\nsustained in the near-term.\u201d<\/p>\n<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>July services PMI 58.3 vs 54.9 expected Prior 54.2 July composite PMI 56.5 Prior 53.3 That&#8217;s quite the beat with Spain services activity growing strongly in July, with the headline estimate being&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-435483","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=435483"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435483\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=435483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=435483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=435483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}