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. source: S&P Global

Composite PMI in Spain increased to 56.50 points in July from 53.30 points in June of 2026. Composite PMI in Spain averaged 51.99 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 56.50 points in July from 53.30 points in June 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 1814.00 1662.00 Companies Jun 2026
Business Confidence -2.60 -2.40 points Jul 2026
Capacity Utilization 79.50 80.10 percent Jun 2026
Car Production 1633.00 1695.00 Hundred Units May 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 100.43 100.61 points Jun 2026
Corruption Index 55.00 56.00 Points Dec 2025
Corruption Rank 49.00 46.00 Dec 2025
Electricity Price 113.98 0.44 EUR/MWh Aug 2026
Electricity Production 22506.81 21082.71 Gigawatt-hour May 2026
Industrial Production YoY 1.10 3.10 percent Jun 2026
Industrial Production Mom -0.70 1.00 percent Jun 2026
Manufacturing Production 0.40 2.70 percent Jun 2026
Mining Production 30.20 4.10 percent Jun 2026
Natural Gas Stocks Capacity 35.83 35.83 TWh Aug 2026
Natural Gas Stocks Injection 0.00 0.00 GWh/d Aug 2026
Natural Gas Stocks Inventory 26.32 26.32 TWh Aug 2026
Natural Gas Stocks Withdrawal 0.00 0.10 GWh/d Aug 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 101949.00 128426.00 Units Jul 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 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
Spain’s Private Sector Shows Signs of Stabilization
The HCOB Spain Composite PMI rose to 50.2 in May 2026 from 48.7 in April, pointing to a broad stabilisation in business conditions after a steep downturn in the prior month. Services activity leveled off after contracting in the month before, while output continued to rise, albeit more modestly. New orders were broadly unchanged, while employment continued to grow at a solid pace. Business confidence improved to a three-month high but remained below its long-term average. Input cost inflation accelerated to its strongest level since November 2022, whereas output price inflation eased to a three-month low, although it remained above historical levels.
2026-06-03