The IHS Markit Spain Composite PMI dropped to 60.6 in August of 2021 from 61.2 in the previous month, easing further from June’s near-record high. Although both sectors’ activity levels advanced at a robust but slower pace, the rate of expansion in the manufacturing sector neared an all-time high in August. Meanwhile, growth picked up in new orders, while new export orders increased for the sixth straight month. Job creation eased over the prior month, despite higher backlogs of work. On the price front, input and output price inflation remained elevated, but down on respective July’s levels. Lastly, businesses were strongly optimistic about the 12-month outlook amid signs of improvement regarding the pandemic. source: Markit Economics
Composite Pmi in Spain averaged 49.93 points from 2018 until 2021, 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 September of 2021.
Composite Pmi in Spain is expected to be 56.50 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 55.00 points in 2022 and 54.50 points in 2023, according to our econometric models.