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.