Latest PMI data for the Spanish service sector signalled faster rises in both business activity and new orders during August. This in turn led companies to take on extra staff at a solid pace. Meanwhile, rates of inflation of both input costs and output prices quickened from those seen in July.
The headline seasonally adjusted Business Activity Index rose to 56.0 in August from 54.1 in the previous month, thereby signalling a markedmonthly expansion of activity and one that wasstronger than recorded in the previous month.Business activity has risen continuously sinceNovember 2013.
Euro is currently being traded around 1.1150 level. Pair is likely to find support around 1.11 and resistance above 1.12 handle.
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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