Market Updates: Spanish Services PMI shows a solid growth at the end of 2018, while French CPI dips

Services PMI figures for Spain, which reveals that the service sector continued to grow at a stable rate at the end of 2018.


Markit just released the Services PMI figures for Spain, which reveals that the service sector continued to grow at a stable rate at the end of 2018.

The PMI figure jumped to 54 against the forecast of 53.8 and this recent gain is supported by another month of similar-sized gains in new business volumes.

However, the French Prelim CPI m/m slowed down for the second consecutive month: +1.6% in December 2018 after +1.9% in November and +2.2% in October.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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