• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Foreign Affairs

Spanish service industry decimated by COVID

6th May 2020

Spanish service industry decimated by COVID Pin It

The services sector in Spain, including catering, retail, aviation and tourism, came to a standstill in April due to measures to combat the corona virus. The country was almost completely locked. Before the COVID-19 outbreak Spain was number one British holiday destination.

According to British market researcher Markit, the purchasing managers index, which measures activity in the Spanish services sector, plummeted to 7.1. In March that indicator was still at 23, which also meant a significant contraction. A position of 50 or more indicates growth, below that shrinkage.

Spain has been quarantined for weeks due to the pandemic and is now slowly easing strict restrictive measures. The industry in Spain is also hit hard by the crisis because many factories are closed.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

US and UK enter…

In Domestic Affairs

US and UK enter the trade agreement talks: some points to understand what's on table

View Post

Next Post

CB key interest rate unchanged,…

In Domestic Affairs

CB key interest rate unchanged, at historical low

View Post

In Domestic Affairs

Brexit causes a massive HR re-distribution among financial specialists

View Post

In IT, Innovation and Startups

Europeans are concerned about personal data use in GB

View Post

In Foreign Affairs

EU and UK remain committed to resolve the trade issues

View Post

In IT, Innovation and Startups

Jack Ma considers divestment from ANT Group

View Post

Newsletter

Latest News

Boris Johnson

View

Dyson tax case may vacuum out several MPs and PM

22nd April 2021

View

Sleepy Joe turns out to be Speedy Joe, according to Richard Koo

21st April 2021

View

Inflation target still not met

21st April 2021

View

Amazon may become 6th largest supermarket chain

20th April 2021

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com
  • Runch.co.uk

Sign Up for Our Newsletter

Our friendly crew

  • Matthew Patridge, the chief Editor
  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019 Talk Finance - All Rights Reserved. [email protected]