Spain Private Sector Growth Slows

2026-09-03 07:24 By Joana Taborda 1 min. read

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.



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