Markit Economics released final services purchasing managers' index (PMI) for Spain on Thursday. Spain's final services purchasing managers' index (PMI) increased to 56.7 in November from 55.9 in October.

The index was driven by an increase in business activity and new business.

"The Spanish service sector looks set for a positive end to the year after rates of expansion in both activity and new business accelerated for the second month running in November. This provides further evidence that the slowdown in growth at the end of Q3 won't develop into a period of stagnation," Senior Economist at Markit Andrew Harker said.