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Recent data suggests that the worst might be over for the Spanish economy, with declines in retail sales and industrial production easing in annual terms in April. Expectations have improved too and the manufacturing PMI stood at a two-year high in May and services PMI picked up too. The labour market also provided some positive news as the number of unemployed in May rose at the slowest rate since the start of recession.
Source : Cushman & Wakefield
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