The HCOB Spain Composite PMI fell once again to 51.7 in July 2023, from June's 52.6, to signal a seventh consecutive expansion in the Spanish private sector, albeit the weakest since January. Growth in service sector activity slowed to a six-month low (PMI at 52.8 vs 53.4 in June) while the downturn in manufacturing deepened (PMI at 47.8 vs 48). New work increased for the seventh month in a row but at only a fractional rate overall and growth was limited to the service sector. Employment continued to rise for the ninth consecutive month while the level of outstanding business faced its first dip into contraction territory this year. On the price front, price pressures eased further, as highlighted by the rates of input cost and output charge inflation falling to 31- and 28-month lows, respectively. source: Markit Economics

Composite PMI in Spain averaged 51.22 points from 2018 until 2023, reaching an all time high of 62.40 points in June of 2021 and a record low of 9.20 points in April of 2020. This page provides - Spain Composite PMI- actual values, historical data, forecast, chart, statistics, economic calendar and news. Spain Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Composite PMI in Spain is expected to be 53.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Composite PMI is projected to trend around 51.00 points in 2024 and 50.40 points in 2025, according to our econometric models.

Ok
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
Width
Height
 Preview

Spain Composite PMI



Related Last Previous Unit Reference
Services PMI 52.80 53.40 points Jul 2023
Manufacturing PMI 47.80 48.00 points Jul 2023
Composite PMI 51.70 52.60 points Jul 2023

Spain Composite PMI
The Composite Output Index is a weighted average of the Manufacturing Output Index and the Services Business Activity Index. The weights reflect the relative size of the manufacturing and service sectors according to official GDP data. The Composite Output Index may be referred to as the ‘Composite PMI’ but is not comparable with the headline manufacturing PMI figure.
Actual Previous Highest Lowest Dates Unit Frequency
51.70 52.60 62.40 9.20 2018 - 2023 points Monthly

News Stream
Spanish Private Sector Growth Continues to Slow
The HCOB Spain Composite PMI fell once again to 51.7 in July 2023, from June's 52.6, to signal a seventh consecutive expansion in the Spanish private sector, albeit the weakest since January. Growth in service sector activity slowed to a six-month low (PMI at 52.8 vs 53.4 in June) while the downturn in manufacturing deepened (PMI at 47.8 vs 48). New work increased for the seventh month in a row but at only a fractional rate overall and growth was limited to the service sector. Employment continued to rise for the ninth consecutive month while the level of outstanding business faced its first dip into contraction territory this year. On the price front, price pressures eased further, as highlighted by the rates of input cost and output charge inflation falling to 31- and 28-month lows, respectively.
2023-08-03
Spanish Private Sector Growth Weakest in 5 Months
The HCOB Spain Composite PMI dropped to 52.6 in June 2023, compared to May's 55.2, indicating the slowest expansion rate in the private sector since January. The growth was primarily observed in the service sector, while manufacturing production fell for a second consecutive month. Although new orders increased for the sixth consecutive month in June, the rate of growth was the weakest since January. Additionally, the pace of job creation decelerated as factory employment levels declined. On the pricing front, input costs saw the slowest increase in 29 months, while the rise in selling charges was the least pronounced since March 2021.
2023-07-05
Spanish Private Sector Growth Remains Strong in May
The HCOB Spain Composite PMI declined to 55.2 in May 2023 from 56.3 in the previous month, indicating a strong but weaker uplift in the aggregate level of output. Growth was solely driven by the service sector while manufacturers reported a fresh contraction in their production volumes. New order growth eased, but remained solid overall, while rates of input and output charge inflation slowed to 26- and 20-month lows, respectively. Finally, business optimism weakened in May.
2023-06-05