The IHS Markit Spain Composite PMI rose to 58.3 in November of 2021 from 56.2 in the previous month and indicating growth for a ninth month in a row. Services activity rose to its strongest degree since August while manufacturing output, constrained somewhat by supply-side delays, rose to its slowest degree in the past ten months. According to the latest data, supporting the rise in output was another sharp rise in new order book volumes and this led to further capacity pressures. Backlogs of work increased solidly and encouraged firms to take on additional staff. Overall employment growth, underpinned by a strongly performing services economy, was the highest since June. Meanwhile, cost pressures intensified, with both manufacturing and service sectors recording their highest ever rises in input prices. Similar developments were seen for charges data. source: Markit Economics

Composite Pmi in Spain averaged 50.44 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 December of 2021.

Composite Pmi in Spain is expected to be 54.80 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.

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Spain Composite PMI


Related Last Previous Unit Reference
Services PMI 59.80 56.60 points Nov/21
Manufacturing PMI 57.10 57.40 points Nov/21
Composite Pmi 58.30 56.20 points Nov/21

News Stream
Spain Private Sector Growth Accelerates in November
The IHS Markit Spain Composite PMI rose to 58.3 in November of 2021 from 56.2 in the previous month and indicating growth for a ninth month in a row. Services activity rose to its strongest degree since August while manufacturing output, constrained somewhat by supply-side delays, rose to its slowest degree in the past ten months. According to the latest data, supporting the rise in output was another sharp rise in new order book volumes and this led to further capacity pressures. Backlogs of work increased solidly and encouraged firms to take on additional staff. Overall employment growth, underpinned by a strongly performing services economy, was the highest since June. Meanwhile, cost pressures intensified, with both manufacturing and service sectors recording their highest ever rises in input prices. Similar developments were seen for charges data.
2021-12-03
Spain Composite PMI Falls to 6-Month Low
The IHS Markit Spain Composite PMI declined to 56.2 in October 2021, from 57.0 in the previous month, suggesting the private sector expansion continued its recent downward trend, softening for a fourth month in a row to reach its lowest since April. In both the manufacturing and services economies, output growth slowed amid reports of supply-side constraints. Still, new order growth accelerated and the pace of job creation was solid and firmer than in September. On the price front, input cost inflation hit an all-time high and output charges rose at the second fastest rate in the survey history.
2021-11-04
Spain Private Sector Growth Eases Further
The IHS Markit Spain Composite PMI dropped to 57 in September of 2021 from 60.6 in the previous month, signaling the slowest growth in the private sector since April. Growth rates were slower in both the manufacturing and service sectors, amid reports that supply-side constraints were weighing on output capabilities. Employment continued to increase, although growth eased to a modest level. On the price front, overall input price inflation accelerated to its highest ever recorded level, amid reports of higher costs of utilities, fuel, transportation, and key material inputs. Meanwhile, confidence about the future strengthened to a three-month high as firms eyed an end to the pandemic and the associated negative impacts on economic activity.
2021-10-05

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.