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.

Spain Services PMI
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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
Australia 52.10 Dec/18
Brazil 51.90 Dec/18
China 53.90 Dec/18
Euro Area 51.20 Dec/18
France 49.00 Dec/18
Germany 51.80 Dec/18
India 53.20 Dec/18
Italy 50.50 Dec/18
Japan 51.00 Dec/18
Russia 54.40 Dec/18
Spain 54.00 Dec/18
United Kingdom 51.20 Dec/18
United States 54.40 Dec/18


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