Markit Economics released services purchasing managers' index (PMI) for Spain on Wednesday. Spain's services purchasing managers' index (PMI) fell to 54.6 in January from 55.1 in December. It was the lowest level since December 2014

New business and employment continued to grow in January.

"The latest services PMI data from Spain paints a broadly positive picture of the health of the sector at the start of 2016, with strong inflows of new work recorded and employment continuing to rise in response to building capacity pressures," Senior Economist at Markit Andrew Harker said.