Spain Services PMI

The IHS Markit Spain Services PMI edged down to 54.5 in February of 2019 from 54.7 in January, but beat market expectations of 54.1. Yet, the reading pointed to a solid growth in the services sector, supported by another marked gain in levels of incoming new business. The domestic market was the primary source of growth while export orders rose only marginally, despite snapping a six-month period of contraction. Also, employment remained robust; backlogs of work rose for a tenth month; and input prices increased the most since September of 2008, due to a rise in the minimum wage and energy prices. Finally, business confidence was above the average, linked to the hoped launch of new services, positive forecasts for market demand and sales, plus the planned enhancement of marketing strategies. Services PMI in Spain is reported by Markit Economics.

Services PMI in Spain is expected to be 51.50 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in Spain to stand at 51.40 in 12 months time. In the long-term, the Spain Services PMI is projected to trend around 54.40 Index Points in 2020, according to our econometric models.

Historical
Forecast

1Y 5Y 10Y MAX

width

height

Preview

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

Spain Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	-4.90	-4.30	8.50	-39.00	Index Points	[+]
Services PMI	54.50	54.70	60.30	36.80	Index Points	[+]
Manufacturing PMI	49.90	52.40	56.10	41.10		[+]
Industrial Production	2.40	-5.90	13.60	-21.70	percent	[+]
Industrial Production Mom	3.40	-1.20	9.30	-12.00	percent	[+]
Manufacturing Production	0.70	-2.60	13.70	-22.90	percent	[+]
Capacity Utilization	80.59	78.50	90.00	68.86	percent	[+]
Changes in Inventories	2096.00	2177.00	2230.00	-3402.00	EUR Million	[+]
Bankruptcies	1489.00	1079.00	2854.00	11.00	Companies	[+]
Total Vehicle Sales	100701.00	93546.00	177375.00	23090.00		[+]
Car Production	1823.00	1126.00	2504.00	139.00	Hundred Units	[+]
Car Registrations	114064.00	113838.00	153732.00	3103.00		[+]
Internet Speed	15487.07	15362.73	15487.07	2354.24	KBps	[+]
IP Addresses	14575619.00	13803828.00	14855454.00	7640009.00	IP	[+]
Mining Production	-6.00	-14.90	21.10	-44.90	percent	[+]
Steel Production	1180.00	1085.00	1980.00	555.00	Thousand Tonnes	[+]
Competitiveness Index	74.20	73.75	74.20	4.49	Points	[+]
Competitiveness Rank	26.00	25.00	42.00	25.00		[+]
Ease of Doing Business	30.00	28.00	62.00	28.00		[+]
Electricity Production	26087.00	22985.00	27405.00	20466.00	Gigawatt-hour	[+]
Corruption Index	58.00	57.00	71.00	43.10	Points	[+]
Corruption Rank	41.00	42.00	42.00	20.00		[+]
Factory Orders	-0.70	-2.60	25.40	-33.70	percent	[+]

Spain Services PMI

The Markit Spain Services PMI (Purchasing Managers' Index) is based on data compiled from a representative panel of over 300 companies based in the Spanish service sector. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. This page provides the latest reported value for - Spain Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Services PMI - actual data, historical chart and calendar of releases - was last updated on March of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	54.50	54.70	60.30	36.80	2011 - 2019	Index Points	Monthly

Country	Last		Previous	Range
Australia	44.50	Feb/19	44.3	63 : 32.5	Index Points
Brazil	52.20	Feb/19	52	57.1 : 36.9	Index Points
China	51.10	Feb/19	53.6	54.7 : 50	Index Points
Euro Area	52.70	Mar/19	52.8	58.3 : 39.2	Index Points
France	48.70	Mar/19	50.2	62.9 : 40.2	Index Points
Germany	54.90	Mar/19	55.3	60.3 : 41.3	Index Points
India	52.50	Feb/19	52.2	57.5 : 44.6	Index Points
Italy	50.40	Feb/19	49.7	57.7 : 42.3	Index Points
Japan	52.30	Feb/19	51.6	55.3 : 46.4	Index Points
Russia	55.30	Feb/19	54.9	58.4 : 41.3	Index Points
Spain	54.50	Feb/19	54.7	60.3 : 36.8	Index Points
United Kingdom	51.30	Feb/19	50.1	62.5 : 40.1	Index Points
United States	54.80	Mar/19	56	61 : 49.3	Index Points