The S&P Spain Global Manufacturing PMI rose to 51 in September 2026 from 49.5 in the prior month and above market forecastst of 50.1. The reading marked a return to growth, albeit modest, driven partly by a rebound in production after three months of contraction. External demand provided the main support, with firms reporting new projects and a rise in orders from international clients. New exports increased for the first time since August 2025, although overall new orders fell for a fifth consecutive month. Meanwhile, employment stabilized after 12 months of decline. Firms again stressed, however, that supply-side challenges remained acute, pushing up prices and causing input delivery delays. Input and output prices rose at an accelerated pace and at above-trend rates, on higher energy, fuel and oil-related costs. Looking forward, business confidence improved in September to its highest level since February, despite Middle East uncertainty and concerns over higher energy prices. source: S&P Global

Manufacturing PMI in Spain increased to 51 points in September from 49.50 points in August of 2026. Manufacturing PMI in Spain averaged 50.83 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 51 points in September from 49.50 points in August of 2026. Manufacturing PMI in Spain is expected to be 51.00 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 52.00 points in 2027 and 51.50 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 68544.00 101949.00 Units Aug 2026
Cement Production 1413.30 1678.91 Thousands of Tonnes Aug 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 191.64 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 41.73 52.89 GWh/d Oct 2026
Natural Gas Stocks Inventory 27.88 27.84 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 11.80 7.80 percent Aug 2026
New Car Sales YoY 93854.00 68544.00 Units Sep 2026


Spain Manufacturing PMI
The S&P Global Spain Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 400 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. 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 Manufacturing Sector Rises More than Expected
The S&P Spain Global Manufacturing PMI rose to 51 in September 2026 from 49.5 in the prior month and above market forecastst of 50.1. The reading marked a return to growth, albeit modest, driven partly by a rebound in production after three months of contraction. External demand provided the main support, with firms reporting new projects and a rise in orders from international clients. New exports increased for the first time since August 2025, although overall new orders fell for a fifth consecutive month. Meanwhile, employment stabilized after 12 months of decline. Firms again stressed, however, that supply-side challenges remained acute, pushing up prices and causing input delivery delays. Input and output prices rose at an accelerated pace and at above-trend rates, on higher energy, fuel and oil-related costs. Looking forward, business confidence improved in September to its highest level since February, despite Middle East uncertainty and concerns over higher energy prices.
2026-10-01
Spain Manufacturing Sector Contracts in August
The S&P Global Manufacturing PMI fell to 49.5 in August 2026 from 50.2 in July, the lowest since March and missing expectations of 50.1. Both production and new orders declined, reflecting subdued domestic demand and weaker international sales, with tariffs also weighing on exports. Firms responded by drawing down finished-goods and input inventories, while purchasing activity contracted for a ninth month. Employment also fell for the twelfth month in a row, although the decline in outstanding work was partly supported by lower capacity utilisation. Supply conditions remained challenging, as disruptions linked to the Middle East conflict affected shipping routes and the availability of materials. Higher energy and transportation costs pushed input-price inflation significantly higher, prompting firms to raise selling prices as well. Looking ahead, business confidence weakened further, with concerns over elevated energy costs and fragile demand clouding the outlook for production.
2026-09-01
Spain Manufacturing Activity Remains Subdued
The S&P Spain Manufacturing PMI rose to 50.2 in July 2026 from 49.7 in June, hovering just above the expansion threshold. Despite the slight uptick, underlying performance remained weak, as both output and new orders continued to decline. Ongoing Middle East conflict disruptions caused persistent shipping delays, supply chain bottlenecks, and elevated energy and transport costs. However, overall input and output price inflation cooled to a five-month low. In response to sluggish market demand, manufacturers aggressively drew down existing input and finished goods inventories while cutting purchasing activity at the sharpest rate in over a year. Employment contracted marginally for the eleventh consecutive month due to unreplaced staff departures and hiring hesitations. Nevertheless, broader business sentiment rebounded to its highest level since February, driven by long-term growth plans and expectations of an eventual market recovery.
2026-08-03