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Spain’s services sector sees slower growth in April

Published 06/05/2025, 09:02
Spain’s services sector sees slower growth in April
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Investing.com -- Spain’s services sector growth slowed down in April, according to a recent survey.

The deceleration was attributed to concerns over tariffs and other market uncertainties.

The HCOB Spain Services PMI Business Activity Index, calculated by S&P Global, dropped to 53.4 in April, down from 54.7 in March. This marks the lowest reading since last November.

Despite the slowdown, the index stayed above the 50.0 threshold, which indicates ongoing growth.

The index has been expanding for 20 consecutive months, signaling a continuous growth trend in Spain’s services sector, despite the recent slowdown.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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