Spanish firms see strong growth pre-election

According to the latest Markit PMI data for Spain, manufacturing firms and service providers alike continued to record sharp increases in output in the run up to the general election on December 20^th. However, with the result of the election leaving the make-up of the next government in doubt, there is a chance that a prolonged period of political uncertainty could result in a drop-off in economic growth at the start of 2016.