The S&P Global Spain Services PMI rose to 50.1 in May 2026 from 47.9 in April, above market expectations of 48 and signalling a stabilization in activity after the previous month’s contraction. The slight improvement was supported by a return to growth in new business, driven by stronger demand. However, growth remained modest as uncertainty linked to the Middle East conflict continued to weigh on market conditions and export orders declined for a fifth consecutive month. Input costs increased sharply, largely due to higher energy and fuel expenses, alongside rising supplier and labour costs. In response, service providers raised their selling prices, although output price inflation eased to a three-month low. Business confidence improved slightly but remained below historical norms due to ongoing geopolitical uncertainty. Despite this, firms expanded hiring, with employment growth strengthening through a mix of temporary and permanent recruitment. source: S&P Global
Services PMI in Spain increased to 50.10 points in May from 47.90 points in April of 2026. Services PMI in Spain averaged 52.13 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 50.10 points in May from 47.90 points in April of 2026. Services PMI in Spain is expected to be 49.70 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.