Spain Services PMI

The IHS Markit Spain Services PMI was at 54 in December of 2018, unchanged from the previous month and slightly above market expectations of 53.9. New orders continued to increase while new export orders declined for the fifth straight month. The rate of job creation was the sharpest since August and backlogs of work went up only marginally and to the lowest in eight months. On the price front, input cost was the lowest in three months but remained elevated on the back of higher supplier prices and increased wage costs; and output prices rose further in December. Finally, expectations for the year ahead strengthened to the highest since July, due to new product launches, increased investment and better economic conditions. Services PMI in Spain is reported by Markit Economics.

Services PMI in Spain is expected to be 50.50 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 53.80 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.

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Spain Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	-2.70	0.00	7.80	-38.50	Index Points	[+]
Services PMI	54.00	54.00	60.30	36.80	Index Points	[+]
Manufacturing PMI	51.10	52.60	56.10	41.10		[+]
Industrial Production	-2.60	0.70	13.60	-21.70	percent	[+]
Industrial Production Mom	-1.50	1.10	9.30	-12.00	percent	[+]
Manufacturing Production	-1.20	0.60	13.70	-22.70	percent	[+]
Capacity Utilization	78.50	79.50	90.00	68.86	percent	[+]
Changes in Inventories	2177.00	2059.00	2230.00	-3402.00	EUR Million	[+]
Bankruptcies	1079.00	1610.00	2854.00	11.00	Companies	[+]
Total Vehicle Sales	98587.00	91063.00	177375.00	23090.00		[+]
Car Production	2063.00	1911.00	2504.00	139.00	Hundred Units	[+]
Car Registrations	113838.00	107089.00	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	-21.90	-15.50	20.90	-44.90	percent	[+]
Steel Production	1302.00	1290.00	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	23662.00	23469.00	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	5.80	-0.60	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 January of 2019.

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

Country	Last		Previous	Range
Australia	52.10	Dec/18	55.1	63 : 39	Index Points
Brazil	51.90	Dec/18	51.3	57.1 : 36.9	Index Points
China	53.90	Dec/18	53.8	54.7 : 50	Index Points
Euro Area	51.20	Dec/18	53.4	58.3 : 39.2	Index Points
France	49.00	Dec/18	55.1	62.9 : 40.2	Index Points
Germany	51.80	Dec/18	53.3	60.3 : 41.3	Index Points
India	53.20	Dec/18	53.7	57.5 : 44.6	Index Points
Italy	50.50	Dec/18	50.3	57.7 : 42.3	Index Points
Japan	51.00	Dec/18	52.3	55.3 : 46.4	Index Points
Russia	54.40	Dec/18	55.6	58.4 : 41.3	Index Points
Spain	54.00	Dec/18	54	60.3 : 36.8	Index Points
United Kingdom	51.20	Dec/18	50.4	62.5 : 40.1	Index Points
United States	54.40	Dec/18	54.7	61 : 49.3	Index Points