The S&P Global Services PMI rose to 58.3 in July 2026 from 54.2 in June, its highest level since March 2023 and well above market expectations of 54.9. Business activity expanded at one of the fastest rates in nearly five years, supported by the strongest increase in new orders since January 2025, largely driven by robust domestic demand and successful product launches and commercial initiatives. Firms responded by accelerating hiring, with employment growth reaching its highest level since January, although workloads continued to outpace capacity, resulting in a further increase in backlogs. On the cost side, input price inflation eased to its lowest level since February despite continued increases in energy, fuel, and labour costs. At the same time, competitive pressures limited firms’ pricing power, with output price inflation slowing to its weakest pace since early 2021. Although business confidence remained positive, sentiment softened amid lingering political uncertainty. source: S&P Global
Services PMI in Spain increased to 58.30 points in July from 54.20 points in June of 2026. Services PMI in Spain averaged 52.18 points from 2011 until 2026, reaching an all time high of 62.50 points in June of 2021 and a record low of 7.10 points in April of 2020. This page provides the latest reported value for - Spain Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Services PMI in Spain increased to 58.30 points in July from 54.20 points in June of 2026. Services PMI in Spain is expected to be 57.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Services PMI is projected to trend around 53.90 points in 2027 and 52.90 points in 2028, according to our econometric models.