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The Spanish Service Sector Booms

Joe WeisenthalJan 6, 2014, 14:54 IST

Spain is HOT.

The service PMI report in December surged to 54.2 from 51.7 according to Markit, registering the sharpest rise in activity in years.

Here's the quick summary of the report:

Markit

The solid gains aren't being seen everywhere in Europe.

Italy, for example, has registered its second straight month of contraction in the service sector.

Markit

France, too, is seeing shrinkage.

Markit

But again, the big story is what a tear Spain is on. The country's stock market is modestly in the green after that report.