Spanish services growth cools, still above trend, PMI shows

Nov 4 (Reuters) - Spain's ‌services sector saw ​strong ​growth in October, though the expansion was slower than in each of the previous three ‌months as new business growth cooled and export ⁠sales fell, a business survey showed on Wednesday.

• The S&P Global ‌Spain Services PMI Business ‌Activity Index fell to 57.2 in October from 58.3 in September. The 50 mark separates growth from contraction

• "Spain's ​services economy continued to expand at an above-average rate during October and was therefore indicative of a ⁠positive start to the final quarter of the year in terms of economic ​growth," said Paul Smith, economics director at S&P Global Market Intelligence

• Business confidence strengthened to ​its highest level since February, with ‌firms citing previous investment plans and hopes that the upcoming general election on November ⁠29 may bring positive change

• New business volumes increased again but growth eased to a five-month low. New export business ⁠contracted for a second straight month

• Employment rose again, extending a run ​of job creation to more than four years. The pace of hiring was the strongest since July

• Input price inflation accelerated ‌to its highest level since March, as companies reported higher energy, fuel and transport ‌expenses. Output price inflation, however, eased from September's five-month high

• ⁠The sister manufacturing sector ‌index, released on ​Monday, expanded in October at its fastest pace since August 2025

(Reporting by Reuters; Editing by Joe ‌Bavier)

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