The S&P Global Spain Services PMI accelerated to 54.2 in June 2026, well above expectations of 50.9 and rebounding from May's 50.1 to post its strongest growth rate of the year. This expansion was driven by a robust influx of domestic new orders, which outstripped corporate capacities and caused a marked accumulation of backlogs. Though export demand remained flat, it marked the first time in 2026 that international sales avoided a decline. Buoyed by potential resolutions to the Middle East conflict, business sentiment surged to a four-month high, prompting firms to expand recruitment at the fastest pace in three months to extend a 45 month streak of job creation. Rising headcounts elevated wage bills, which alongside high fuel costs, kept operational expenses substantial. However, input price inflation slowed to a four-month low, allowing service providers to moderate their own rate hikes and cool output price inflation to its lowest level since January. source: S&P Global
Services PMI in Spain increased to 54.20 points in June from 50.10 points in May of 2026. Services PMI in Spain averaged 52.14 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 54.20 points in June from 50.10 points in May 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 53.20 points in 2027 and 52.90 points in 2028, according to our econometric models.