June 05, 2023

Spain PMI services 56.7 in May-23

- Spain's PMI for the services sector declined to 56.7 in May 2023, its lowest level since January 2023, suggesting a potential moderation in growth.
- This drop comes after a previous reading of 57.9, indicating a weakening trend in the services sector, possibly influenced by inflationary pressures and supply chain disruptions.

April 27, 2023

Spain unemployment rate 13.26% in Q1-23

- Spain's unemployment rate in Q1-23 rose to 13.26%, reaching the highest level since Q1-22.
- Although there has been some improvement, the current rate remains above the one-year average by 0.44 percentage points and is still 3.06 percentage points below the long-run average.