The S&P Global Spain Composite PMI rose to 51.6 in January of 2023 from 49.9 in the previous month, to signal a renewed expansion in output in the Spanish private sector. The upturn was the first in five months and the sharpest since last July, underpinned by the sustained growth in services (PMI at 52.7 vs 51.6 in December). Conversely, manufacturing activity contracted for the seventh straight month, though at the softest pace in four months (PMI at 48.4 vs 46.4). Also, new orders increased following a five-month sequence of decline. On the pricing front, input cost inflation softened to a 20-month low, but output prices increased at a faster pace. Finally, both sectors firms became more positive about their future, albeit with confidence still lower than the respective long run averages. source: Markit Economics

Composite PMI in Spain averaged 50.83 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 February of 2023.

Composite PMI in Spain is expected to be 49.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Spain Composite PMI



Related Last Previous Unit Reference
Services PMI 52.70 51.60 points Jan 2023
Manufacturing PMI 48.40 46.40 points Jan 2023
Composite PMI 51.60 49.90 points Jan 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
51.60 49.90 62.40 9.20 2018 - 2023 points Monthly

News Stream
Spain Private Sector Back to Growth in January
The S&P Global Spain Composite PMI rose to 51.6 in January of 2023 from 49.9 in the previous month, to signal a renewed expansion in output in the Spanish private sector. The upturn was the first in five months and the sharpest since last July, underpinned by the sustained growth in services (PMI at 52.7 vs 51.6 in December). Conversely, manufacturing activity contracted for the seventh straight month, though at the softest pace in four months (PMI at 48.4 vs 46.4). Also, new orders increased following a five-month sequence of decline. On the pricing front, input cost inflation softened to a 20-month low, but output prices increased at a faster pace. Finally, both sectors firms became more positive about their future, albeit with confidence still lower than the respective long run averages.
2023-02-03
Spain Private Sector Stabilizes in December
The S&P Global Spain Composite PMI rose to 49.9 in December 2022 from 49.6 in the previous month, pointing to a stabilization in the country's private sector after three months of contraction. Modest growth of service sector activity in December was outweighed by an ongoing contraction of manufacturing output, which once again fell at a historically elevated rate. New business also declined, while employment rose slightly. On the price front, both sectors saw input price inflation fall, though services registered the much sharper rise overall. Similar and slower rates of output price inflation were recorded across both sectors.
2023-01-04
Spain Private Sector Contracts for 3rd Month
The S&P Global Spain Composite PMI was up to 49.6 in November 2022 from 48.0 in the previous month, signaling a third month of contraction in private sector activity. A sharp decline in output and new orders in manufacturing was partially offset by growth in activity and new business in services. Meanwhile, employment was little changed overall, while business confidence remained historically subdued but did improve in November to reach a five-month high. On the price front, input price inflation fell noticeably in manufacturing but remained elevated in services. Both sectors experienced strong rates of charge inflation.
2022-12-05