The IHS Markit Spain Services PMI increased to 54 in October of 2018 from 52.5 in September, beating market expectations of 51.8. The reading pointed to the strongest expansion in the services sector in four months, centered on the financial intermediation and transport and storage categories. New business increased markedly, boosted by strong market conditions and the use of marketing and advertising. Also, backlogs of work continued to increase and job creation was the smallest in two years. On the price front, input price inflation was the highest in three months, amid rising costs for fuel and energy and labour costs while output prices rose only marginally. Finally, business confidence was little changed from September’s five-year low amid political uncertainties, both at home and abroad. Services PMI in Spain is reported by Markit Economics.

Services PMI in Spain is expected to be 53.20 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in Spain to stand at 53.60 in 12 months time. In the long-term, the Spain Services PMI is projected to trend around 54.40 Index Points in 2020, according to our econometric models.

Spain Services PMI
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Spain Business Last Previous Highest Lowest Unit
Business Confidence -2.50 -3.60 8.50 -39.00 Index Points [+]
Services PMI 54.00 52.50 60.30 36.80 Index Points [+]
Manufacturing PMI 51.80 51.40 56.10 41.10 [+]
Industrial Production -0.10 1.00 13.60 -21.70 percent [+]
Industrial Production Mom -0.70 0.60 9.30 -12.00 percent [+]
Manufacturing Production -0.20 0.90 13.70 -22.70 percent [+]
Capacity Utilization 78.50 79.50 90.00 68.86 percent [+]
Changes in Inventories 2255.00 1862.00 2255.00 -3402.00 EUR Million [+]
Bankruptcies 1079.00 1610.00 2854.00 11.00 Companies [+]
Total Vehicle Sales 88410.00 69129.00 177375.00 23090.00 [+]
Car Production 1532.00 803.00 2504.00 139.00 Hundred Units [+]
Car Registrations 103592.00 106170.00 153732.00 3103.00 [+]
Internet Speed 15487.07 15362.73 15487.07 2354.24 KBps [+]
IP Addresses 14575619.00 13803828.00 14855454.00 7640009.00 IP [+]
Mining Production -13.60 -11.40 20.60 -44.90 percent [+]
Steel Production 1267.00 1205.00 1980.00 555.00 Thousand Tonnes [+]
Competitiveness Index 74.20 73.75 74.20 4.49 Points [+]
Competitiveness Rank 26.00 25.00 42.00 25.00 [+]
Ease of Doing Business 30.00 28.00 62.00 28.00 [+]
Electricity Production 22286.00 23857.00 27405.00 20466.00 Gigawatt-hour [+]
Corruption Index 57.00 58.00 71.00 43.10 Points [+]
Corruption Rank 42.00 41.00 42.00 20.00 [+]
Factory Orders 7.50 2.80 13.20 -33.60 percent [+]


Spain Services PMI

The Markit Spain Services PMI (Purchasing Managers' Index) is based on data compiled from a representative panel of over 300 companies based in the Spanish service sector. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. 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. Spain Services PMI - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
54.00 52.50 60.30 36.80 2011 - 2018 Index Points Monthly




Country Last
Australia 51.10 Oct/18
Brazil 50.50 Oct/18
China 50.80 Oct/18
Euro Area 53.70 Oct/18
France 55.30 Oct/18
Germany 54.70 Oct/18
India 52.20 Oct/18
Italy 49.20 Oct/18
Japan 52.40 Oct/18
Russia 56.90 Oct/18
Spain 54.00 Oct/18
United Kingdom 52.20 Oct/18
United States 54.80 Oct/18


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