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.

Spain Services PMI
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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
Australia 44.50 Feb/19
Brazil 52.20 Feb/19
China 51.10 Feb/19
Euro Area 52.70 Mar/19
France 48.70 Mar/19
Germany 54.90 Mar/19
India 52.50 Feb/19
Italy 50.40 Feb/19
Japan 52.30 Feb/19
Russia 55.30 Feb/19
Spain 54.50 Feb/19
United Kingdom 51.30 Feb/19
United States 54.80 Mar/19


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