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Spain services contract for first time in nearly 3 years, PMI shows
Spain's services sector contracted in April for the first time since August 2023 as uncertainty linked to the U.S.-Israeli war with Iran hampered demand and confidence, a business survey showed on Wednesday.The Spain Services PMI Business Activity Index fell to 47.9 in April from 53.3 in March, the survey by S&P Global showed. The 50-mark separates growth from contraction."Firms widely reported that market demand had softened as widespread uncertainty led businesses and consumers alike to hesitate when it came to spending decisions," said Paul Smith, economics director at S&P Global M
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