The IHS Markit Spain services PMI increased to 54.3 in August 2019 from 52.9 in the previous month and beating market expectations of 53. The reading pointed to the strongest expansion in services activity in five months, as new work rose at the steepest pace since April boosted by domestic demand which offset a fall in foreign demand for the fourth consecutive month. Also, backlogs of work advanced at the sharpest rate in twelve months. Meantime, the job creation rate went up at the softest pace since December 2014. On the price front, input cost inflation rose markedly extending the current period of inflation to four-and-a-half years amid higher employment and transport prices while average output charges fell for the first time in sixteen months. Finally, optimism dropped to an over six-year low amid concerns over demand trends around the world, namely European markets. Services PMI in Spain is reported by Markit Economics.

Services PMI in Spain is expected to be 51.50 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 52.50 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 1.40 -2.80 8.50 -39.00 Index Points [+]
Services PMI 54.30 52.90 60.30 36.80 Index Points [+]
Manufacturing PMI 48.80 48.20 56.10 41.10 [+]
Industrial Production 0.80 1.60 13.60 -21.80 percent [+]
Industrial Production Mom -0.40 -0.20 9.30 -12.00 percent [+]
Manufacturing Production -0.40 0.80 13.60 -22.90 percent [+]
Capacity Utilization 80.90 80.50 90.00 68.86 percent [+]
Changes in Inventories 2853.00 2829.00 3104.00 -3179.00 EUR Million [+]
Bankruptcies 1588.00 1648.00 2854.00 11.00 Companies [+]
Total Vehicle Sales 90774.00 116686.00 177375.00 23090.00 [+]
Car Production 2066.00 2314.00 2504.00 139.00 Hundred Units [+]
Car Registrations 118853.00 106256.00 159417.00 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 -1.40 -6.90 21.10 -44.90 percent [+]
Steel Production 1100.00 1210.00 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 25095.00 22069.00 27405.00 20466.00 Gigawatt-hour [+]
Corruption Index 58.00 57.00 71.00 43.10 Points [+]
Corruption Rank 41.00 42.00 42.00 20.00 [+]
Factory Orders 0.90 -2.00 25.60 -33.70 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
54.30 52.90 60.30 36.80 2011 - 2019 Index Points Monthly




Country Last Previous
Australia 51.40 Aug/19
Brazil 51.40 Aug/19
China 52.10 Aug/19
Euro Area 53.50 Aug/19
France 53.40 Aug/19
Germany 54.80 Aug/19
India 52.40 Aug/19
Italy 50.60 Aug/19
Japan 53.30 Aug/19
Russia 52.10 Aug/19
Spain 54.30 Aug/19
United Kingdom 50.60 Aug/19
United States 50.70 Aug/19


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