The IHS Markit Services PMI for Spain rose to 53.6 in June 2019 from 52.8 in the previous month and beating market forecasts of 52.7. The latest reading pointed to a stronger expansion in services activity, as new work increased driven by the domestic market amid commercial initiatives. Meanwhile, new export orders dropped for the second consecutive month and at the steepest pace since November 2019 linked to economic and political concerns. Also, the job creation rate eased to its weakest level in over two-and-a-half-years as firms signalled sufficient capacity to deal with overall workloads and backlogs of work declined for the first time in three months. On the price front, input cost inflation slowed to a 21-month low and output price inflation eased to its lowest since October last year. Finally, optimism was at its highest level for three months, as firms are generally banking on activity amid a general upturn in market conditions and subsequent improvement in sales volumes. 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 52.50 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.

Spain Services PMI
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Spain Business Last Previous Highest Lowest Unit
Business Confidence -3.70 -3.30 8.50 -39.00 Index Points [+]
Services PMI 53.60 52.80 60.30 36.80 Index Points [+]
Manufacturing PMI 47.90 50.10 56.10 41.10 [+]
Industrial Production 1.40 1.80 13.60 -21.80 percent [+]
Industrial Production Mom 0.30 1.80 9.30 -12.00 percent [+]
Manufacturing Production 1.30 1.50 13.70 -22.90 percent [+]
Capacity Utilization 80.50 80.59 90.00 68.86 percent [+]
Changes in Inventories 2135.00 2289.00 2289.00 -3402.00 EUR Million [+]
Bankruptcies 1648.00 1489.00 2854.00 11.00 Companies [+]
Total Vehicle Sales 130519.00 125625.00 177375.00 23090.00 [+]
Car Production 2314.00 1792.00 2504.00 139.00 Hundred Units [+]
Car Registrations 115540.00 112128.00 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 3.30 5.80 21.10 -44.90 percent [+]
Steel Production 1276.00 1288.00 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 21864.00 21026.00 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 -2.10 13.40 25.50 -33.60 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
53.60 52.80 60.30 36.80 2011 - 2019 Index Points Monthly




Country Last Previous
Australia 52.20 Jun/19
Brazil 48.20 Jun/19
China 52.00 Jun/19
Euro Area 53.60 Jun/19
France 52.90 Jun/19
Germany 55.80 Jun/19
India 49.60 Jun/19
Italy 50.50 Jun/19
Japan 51.90 Jun/19
Russia 49.70 Jun/19
Spain 53.60 Jun/19
United Kingdom 50.20 Jun/19
United States 51.50 Jun/19


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