The HCOB Spain Manufacturing PMI rose to 50 in February 2026 from a nine-month low of 49.2 in January, largely in line with analysts' estimates of 50.1. The latest data pointed to a stabilization in business conditions, following two successive months of contraction. New orders, employment, and purchasing activity continued to decline, though at a slower pace than in January, encouraging goods producers to keep their output relatively stable in February. However, export demand remained a challenge, with companies citing the adverse impact of US tariffs and the strong euro. In terms of price dynamics, input inflation accelerated to a 13-month high amid higher costs for various raw materials. In response, manufacturers raised their output charges for the first time since August last year, though only marginally due to ongoing competitive pressures. Lastly, the outlook for the year ahead remained optimistic, on hopes of improving demand, successful investments and expansion abroad. source: S&P Global
Manufacturing PMI in Spain increased to 50 points in February from 49.20 points in January of 2026. Manufacturing PMI in Spain averaged 50.85 points from 2011 until 2026, reaching an all time high of 60.40 points in June of 2021 and a record low of 30.80 points in April of 2020. This page provides the latest reported value for - Spain Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Manufacturing PMI in Spain increased to 50 points in February from 49.20 points in January of 2026. Manufacturing PMI in Spain is expected to be 50.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Manufacturing PMI is projected to trend around 52.60 points in 2027 and 52.80 points in 2028, according to our econometric models.