The S&P Global Spain Composite PMI rose to 56.8 in September 2026 from 55.8 in August, marking the fifth consecutive month that the index is above the 50-point threshold and its highest level since December 2024. Services remained the main driver of expansion, while manufacturing returned to marginal growth after contracting in August. Employment in the private sector rose again, and business confidence improved further, pointing to a firmer outlook for output in the year ahead. However, rising cost pressures remained a concern, with input price inflation accelerating and output charges rising at their fastest pace since April. source: S&P Global

Composite PMI in Spain increased to 56.80 points in September from 55.80 points in August of 2026. Composite PMI in Spain averaged 52.07 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 increased to 56.80 points in September from 55.80 points in August of 2026. Composite PMI in Spain is expected to be 54.20 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 1315.00 1813.00 Companies Aug 2026
Business Confidence -1.60 -3.80 points Sep 2026
Capacity Utilization 78.00 79.50 percent Sep 2026
Car Production 1477.00 1633.00 Hundred Units Aug 2026
Car Registrations 93858.00 68544.00 Units Sep 2026
Cement Production 1426.13 1413.30 Thousands of Tonnes Sep 2026
Changes in Inventories 2435.00 2069.00 EUR Million Jun 2026
Composite Leading Indicator 99.58 99.69 points Sep 2026
Corruption Index 55.00 56.00 Points Dec 2025
Corruption Rank 49.00 46.00 Dec 2025
Electricity Price 155.63 0.44 EUR/MWh Oct 2026
Electricity Production 27717.44 24864.35 Gigawatt-hour Jul 2026
Industrial Production YoY 1.50 2.50 percent Aug 2026
Industrial Production Mom -0.70 0.60 percent Aug 2026
Manufacturing Production 0.10 1.60 percent Sep 2026
Mining Production 26.40 17.00 percent Aug 2026
Natural Gas Stocks Capacity 35.83 35.83 TWh Oct 2026
Natural Gas Stocks Injection 51.94 52.88 GWh/d Oct 2026
Natural Gas Stocks Inventory 28.20 28.14 TWh Oct 2026
Natural Gas Stocks Withdrawal 0.00 0.00 GWh/d Oct 2026
New Orders -5.80 -6.10 points Aug 2026
New Passenger Car Registrations YoY 10.20 11.80 percent Sep 2026
New Car Sales YoY 93854.00 68544.00 Units Sep 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 at 22-Month High
The S&P Global Spain Composite PMI rose to 56.8 in September 2026 from 55.8 in August, marking the fifth consecutive month that the index is above the 50-point threshold and its highest level since December 2024. Services remained the main driver of expansion, while manufacturing returned to marginal growth after contracting in August. Employment in the private sector rose again, and business confidence improved further, pointing to a firmer outlook for output in the year ahead. However, rising cost pressures remained a concern, with input price inflation accelerating and output charges rising at their fastest pace since April.
2026-10-05
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