Markit Economics released services purchasing managers' index (PMI) for Spain on Tuesday. Spain's services purchasing managers' index (PMI) climbed to 55.3 in March from 54.1 in February.

The decline was driven by a rise in new orders, employment and output prices.

"The pick-up in service sector growth in March is something of a relief following a slowdown in previous months, and suggests that the Spanish economy was able to maintain forward momentum during the first quarter of the year," Senior Economist at Markit Andrew Harker said.