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Spain's services sector returns to growth

  • Spanish services PMI surprisingly moved into growth territory in November, rising to 51.5 from 49.6 in October and topping consensus that was also 49.6.
  • The increase comes after a fall in unemployment last month but is also in contrast to an unexpected contraction in manufacturing PMI.
  • The IBEX 35 (EWP) is +0.2%, while the euro is -0.05% at $1.3582. (PR)
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