Latest data release by Markit - 6 May 2019
- Prior 56.8
- Composite PMI 52.9 vs 54.5 expected
- Prior 55.4
A notable dip in the services sector here as the rebound at the start of the year proves to be a brief one. That continues to highlight that underlying economic conditions remain soft despite a decent recovery in Q1 for Spain.
EUR/USD is brought a little lower on the release here, falling to 1.1186 from 1.1195 earlier.