The S&P Global Spain Composite PMI fell to 55.8 in August 2026, from 56.5 in July, when it reached its highest level since December 2024. Despite the slowdown, the reading continued to signal robust growth in private-sector activity. However, growth was entirely driven by the services sector, where the PMI eased only slightly to 57.8 from 58.3. By contrast, manufacturing slipped into contraction, with the PMI falling to 49.5 from 50.2 and output declining at its fastest pace since December 2023. Similar divergences in sector performance were seen for new orders and employment. Meanwhile, rates of both input and output price inflation accelerated since July. Confidence in the outlook softened to its lowest in three months. source: S&P Global

Composite PMI in Spain decreased to 55.80 points in August from 56.50 points in July of 2026. Composite PMI in Spain averaged 52.03 points from 2018 until 2026, 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.

Composite PMI in Spain decreased to 55.80 points in August from 56.50 points in July of 2026. Composite PMI in Spain is expected to be 54.90 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 53.00 points in 2027 and 52.90 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Bankruptcies 1813.00 1814.00 Companies Jul 2026
Business Confidence -3.90 -2.60 points Aug 2026
Capacity Utilization 78.00 79.50 percent Sep 2026
Car Production 1633.00 1695.00 Hundred Units Jun 2026
Car Registrations 128426.00 111894.00 Units Jun 2026
Cement Production 1752.09 1780.93 Thousands of Tonnes Jun 2026
Changes in Inventories 2435.00 2069.00 EUR Million Jun 2026
Composite Leading Indicator 99.74 99.95 points Aug 2026
Corruption Index 55.00 56.00 Points Dec 2025
Corruption Rank 49.00 46.00 Dec 2025
Electricity Price 144.50 0.44 EUR/MWh Sep 2026
Electricity Production 24847.15 22578.93 Gigawatt-hour Jun 2026
Industrial Production YoY 2.30 1.10 percent Jul 2026
Industrial Production Mom 0.60 -0.70 percent Jul 2026
Manufacturing Production 1.50 0.50 percent Jul 2026
Mining Production 17.30 30.30 percent Jul 2026
Natural Gas Stocks Capacity 35.83 35.83 TWh Sep 2026
Natural Gas Stocks Injection 0.08 0.00 GWh/d Sep 2026
Natural Gas Stocks Inventory 26.32 26.32 TWh Sep 2026
Natural Gas Stocks Withdrawal 0.00 0.00 GWh/d Sep 2026
New Orders -6.20 -7.10 points Jul 2026
New Passenger Car Registrations YoY 7.80 -0.80 percent Jun 2026
New Car Sales YoY 68544.00 101949.00 Units Aug 2026


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. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Spain Private Sector Growth Slows
The S&P Global Spain Composite PMI fell to 55.8 in August 2026, from 56.5 in July, when it reached its highest level since December 2024. Despite the slowdown, the reading continued to signal robust growth in private-sector activity. However, growth was entirely driven by the services sector, where the PMI eased only slightly to 57.8 from 58.3. By contrast, manufacturing slipped into contraction, with the PMI falling to 49.5 from 50.2 and output declining at its fastest pace since December 2023. Similar divergences in sector performance were seen for new orders and employment. Meanwhile, rates of both input and output price inflation accelerated since July. Confidence in the outlook softened to its lowest in three months.
2026-09-03
Spain Private Sector Growth Hits Over 1-1/2-Year High
The HCOB Spain Composite PMI picked up to 56.5 in July 2026 from 53.3 in June, indicating a third consecutive month of expansion, with growth accelerating to its fastest pace since December 2024. Services continued to outperform manufacturing, with the latter recording a slight decline in output. New work increased at the sharpest pace since the start of 2025, pointing to improving demand conditions. Firms continued to add staff, with job creation once again driven entirely by service providers. Moreover, cost pressures moderated further, with input price inflation easing to a five-month low.
2026-08-05
Spain Private Sector Gains Momentum
The HCOB Spain Composite PMI rose to 53.3 in June 2026 from 50.2 in May, signaling a second straight month of expansion and the strongest growth since December 2025. The services sector carried overall growth, as manufacturing output returned to contraction for the first time in three years. New orders increased overall, as a marked rise in demand for services more than offset a sharp decline in new business received by manufacturers. Meanwhile, inflationary pressures eased during the month, as rates of inflation softened. Looking forward, business confidence improved to its highest level since February.
2026-07-03