AI Data Insight
Spain's latest Q3 2026 Services PMI slightly decreased to 57.8 from the previous value of 58.3, falling short of the market consensus of 59.0. Although the pace of expansion slowed slightly and corporate hiring intentions declined, the overall figure still recorded the second highest in nearly three and a half years, driven by strong domestic demand. Going forward, close attention must be paid to the pressure of geopolitical risks and rising labor costs on corporate profits.